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1988 (8) TMI 151 - ITAT INDOREExtract: .......e validity of the return was raised by the Department in earlier stages and rightly so. In view of the above we do not find any reason to hold that the Expln. 3 of s. 18(1)(c) of the Act is attracted in this case. We, therefore cancel the penalties imposed by the WTO and confirmed by the learned AAC of WT. 8. In the result, the appeals are allowed.
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