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1980 (11) TMI 76 - ITAT CUTTACKExtract: ........ That being the position the assessee must get the credit for that amount while computing the penalty leviable under s. 271(1)(a) of the Act. I, hold like wise. The ITO is accordingly directed to recompute the penalty leviable against the assessee for the delayed filing of the return. 7. In the result, the appeal by the assessee is partly allowed.
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