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1991 (9) TMI 123 - ITAT DELHI-DExtract: .......s. 14,75,000 paid towards advance tax for the purpose of calculation of penalty under section 271(1)(a) of the Act. The Assessing Officer is, therefore, directed to calculate the penalty 20 on the amount of assessed tax after reducing a sum of Rs. 36,90,000 including Rs. 14,75,000 paid as advance tax. 13. In the result, the appeal is partly allowed
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