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1979 (3) TMI 77 - AT - Income TaxExtract: .......e bogus. On the other hand, the entire evidence record would go to show that the purchases were genuine. 10. Looking to the aforesaid facts and the evidence on record, we are satisfied that the learned AAC was wrong in sustaining the order of penalty. Accordingly, the impugned order of penalty is cancelled. 11. In the result, the appeal is allowed.
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