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1987 (12) TMI 87 - ITAT JAIPURExtract: .......evy the penalty from the date of s. 148 notice only and not earlier, delay of the earlier period cannot be taken into consideration. We, therefore, accept this argument of the assessee and quash the penalty for 1978-79 and 1979-80. 6. In the result, appeal for asst. yr. 1977-78 is partly allowed while for asst. yrs. 1978-79 and 1979-80 are allowed.
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