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1979 (3) TMI 70 - ITAT AMRITSARExtract: .......y us until now, we hold that failure on the part of the firm to file the estimate under s. 212(3A) will constitute a reasonable cause in respect of a similar failure in the case of a partner. Consequently the levy of penalty by the ITO cannot be sustained and we confirm the view taken by the AAC. 5. The appeal of the Revenue fails and is dismissed.
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