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1982 (8) TMI 127 - ITAT JAIPURExtract: .......erefore, rely on the decision of the Delhi High Court. This being so, we hold that the order of the ITO cannot be said to be erroneous and prejudicial to the interest of revenue simply because he failed to initiate penalty proceedings under s. 271(1)(c) in the assessment order. The order of the CIT is, therefore cancelled. 2. The appeal is allowed.
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