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1980 (6) TMI 79 - AT - Income TaxExtract: .......paid the excess demand. But no such charge was made against the assessee. Under these circumstances, this should be taken as setting up a new case. Therefore, no penalty can be levied for default committed under s. 212(3A) as well. Thus no penalty can be levied for any of the defaults committed by the assessee. 8. We accordingly cancel the penalty.
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