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1977 (4) TMI 80 - ITAT PATNA-BExtract: .......lment of this income of Rs. 18,000. We therefore, hold that for this addition of Rs. 18,000 also no penalty can be levied. 20. In view of our discussions above we hold that the penalty order of the IAC cannot be sustained under these circumstances. We, therefore, cancel the penalty order of the IAC. 21. In the result, the appeal is allowed in full.
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