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1977 (4) TMI 56 - ITAT DELHI-BExtract: .......lure to file the return of total wealth within the time allowed was because of a reasonable cause based on the bonafide belief of the assessee as mentioned above, and the penalties are not exigible on the facts because the failure was not without a reasonable cause within the meaning of s. 18(1)(a). The penalties are deleted and the appeal allowed.
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