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2007 (3) TMI 417 - AT - Income TaxExtract: .......umstances of the present case, we are of the view that the penalty imposed was rightly cancelled by the CIT (Appeals). We find no grounds to interfere with the order of the CIT (Appeals). All these appeals by the Revenue, are dismissed. 8. In the result, all the appeals by the Revenue, are dismissed. ------------------------- In favour of assessee.
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