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2002 (11) TMI 284 - ITAT JODHPURExtract: ....... circumstances there is no justification in law for levy of penalty under s. 221(1) on 14th March, 1996 and 31st July, 1996, in pursuance of the above-mentioned two notices. We, therefore, cancel these two penalties, levied under s. 221(1) involved in the two appeals under consideration. 11. In the result both these appeals of assessee are allowed.
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