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1982 (5) TMI 118 - AT - Income TaxExtract: .......assessee, especially, when the assessee fully explained such omission. As the assessee was under the bona fide belief that in view of section 53, the capital gain was not to be included in the total income, no steps were taken by the assessee to disclose the particulars in the return. For the reasons, we cancel the penalty. . The appeal is allowed.
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