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1992 (3) TMI 138 - AT - Income TaxExtract: .......ssee in fact had access to any other funds for meeting the self-assessment tax payment. There being shortage of funds with the assessee it is held that the same constituted a reasonable cause thus preventing the assessee from making the payment for self-assessment tax. Penalty levied is, therefore, cancelled. 5. In the result the appeal is allowed.
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