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1971 (7) TMI 45 - HC - Income TaxWhether, on the facts and in the circumstances of the case, the penalty of Rs. 6,600 levied under section 271(1)(c) of the Act of 1961 was rightly cancelled - Whether penalty could be levied in the reassessment proceedings for default in the original assessment – held that penalty can be imposed during the course of proceedings under section 34 in respect of a default committed during the original assessment proceedings - we answer the question as reframed by us in the negative, in favour of the department and against the assessee
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