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1993 (8) TMI 135 - AT - Income TaxExtract: ....... and hence assessee s conduct could not be said to be bona fide. 12. Taking all these facts into account, we hold that the learned CIT(A) was not justified in cancelling the penalty imposed by the Assessing Officer. We, therefore, reverse his order and restore the penalty imposed by the Assessing Officer. The appeal filed by the revenue is allowed.
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