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1985 (7) TMI 83 - HC - Income TaxExtract: .......sment under section 23B of the Indian Income-tax Act, 1922 (now section 141 of the Income-tax Act, 1961), cannot be deducted for calculating the penalty. These references thus stand concluded by the abovenoted two decisions of this court and are accordingly answered in the negative, i.e., in favour of the Revenue and against the assessee. No costs.
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