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1978 (6) TMI 80 - ITAT MADRAS-BExtract: .......hich it was received cannot be said to be not bona fide. It is also not disputed that the return was filed in this case voluntarily by the assesses. In these circumstances we are not persuaded to hold that there was no reasonable cause for the delay in filing the return. We, therefore, cancel the penalty sustained by the AAC. The appeal is allowed.
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