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1976 (6) TMI 56 - AT - Income TaxExtract: ........50 for 1971-72, Rs. 195.00 for 1972-73 and Rs. 254.00 for 1973-74. 6. In the result the appeals are partly allowed. The revisions for the first three years and the assessment for the last year in respect of the quantum are confirmed, both on law and on merits. Penalties levied are however reduced to the extent mentioned in the preceding paragraph.
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