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2001 (5) TMI 158 - AT - Income TaxExtract: .......te a reasonable cause rendering the said default on the part of the assessee as merely of a technical or venial nature and no penalty in such case can be levied under s. 271D in view of s. 273B. We, therefore, cancel the penalty imposed by the AO and confirmed by learned CIT(A) in this case. 9. In the result, this appeal of the assessee is allowed.
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