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1969 (6) TMI 18 - HC - Income TaxTribunal was right in holding that in calculating the penalty leviable u/s 271(1)(i) the amount paid by the assessee under the provisional assessment u/s 23B of the Indian Income-tax Act, 1922, was to be deducted from the amount of tax determined u/s 23(3) of that Act in order to determine the amount of tax on which the computation of penalty was to be based and in reducing the amount of the penalty
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