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1981 (2) TMI 131 - ITAT JABALPURExtract: .......o such finding of fraud or gross or wilful neglect on the part of the assessee has been recorded by the IAC. Hence in view of the above authority, we cancel the penalty imposed by the IAC and allow the appeal filed by the assessee. In this respect, we may rely on the other two authorities reported in (1977) 106 ITR 818 and (1977) 106 ITR 532 (All).
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