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1994 (4) TMI 65 - MADHYA PRADESH HIGH COURT
Extract:
.......e in penalty proceedings. We, therefore, hold that question No.2 has to be answered in favour of the Revenue. Question No.1 is answered in the affirmative and question No. 2 is answered in the negative. Both are answered in favour of the Revenue and against the assessee. The reference is disposed of accordingly. There shall be no order as it costs.