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1986 (9) TMI 128 - ITAT HYDERABAD-AExtract: .......g section. This principle directly applies to the facts of the present case, in our humble opinion. We therefore hold that as there is no machinery provision for computing the quantum of penalty in a case like the present one before us there is no scope for levy of penalty at all. In the result, the appeal is allowed and the penalty is knocked off.
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