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1989 (10) TMI 100 - AT - Income TaxExtract: .......w of the additions made to the income of the assessee, it can be said that the assessee had a reasonable cause for filing the estimate of advance tax on the basis of income on which he did and hence no penalty is sustainable in law. Accordingly, the penalty imposed by the ITO is directed to be cancelled. The appeal filed by the assessee is allowed.
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