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2008 (5) TMI 731 - HC - Income TaxExtract: .......of the Act. If there was a reasonable cause, no penalty was leviable under section 273B of the Act. In this view of the matter, the order of the Tribunal is vitiated. 10. In the result, appeal is allowed. The order of the Tribunal is set aside. The matter is remanded back to the Tribunal to decide appeal afresh in the light of the observation made.
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