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1990 (5) TMI 72 - ITAT DELHI-DExtract: .......or levy of penalty at all because even if there was some variation in the estimate, by the very nature of things an estimate is an approximation and cannot mean mathematical precision. We accordingly cancel the penalty partly sustained by the learned CIT(A). 22. In the result, while the assessee s appeal succeeds, the Revenue s appeal is dismissed.
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