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2004 (9) TMI 347 - ITAT JODHPURExtract: .......acts and circumstances of the case, we are of the opinion that the CIT(A) was not justified in sustaining the penalty in respect of an addition of Rs. 70,000. We set aside the order of the CIT(A) and delete the penalty in respect of such income. Accordingly, the grounds of appeal of the assessee are allowed. 8. In the result, the appeal is allowed.
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