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1999 (5) TMI 90 - AT - Income TaxExtract: ....... total income still remains as Nil as declared by assessee. Therefore, the second condition specified in sub-cl. (A) is not satisfied. Hence, levy of additional tax is bad in law and therefore, cannot be sustained. The order of CIT(A), is therefore, set aside and levy of additional tax by AO is hereby cancelled. 8. In the result, appeal is allowed.
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