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2000 (1) TMI 155 - AT - Income TaxExtract: ....... can be ascribed to its bona fide belief that provisions of s. 269SS would not be attracted in the nature of transactions. Bona fide belief coupled with the genuineness of the transactions will constitute reasonable cause in this case. In view of this also, we are inclined to cancel the orders of penalty. 15. In the result, the appeals are allowed.
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