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of <h1>Assessee's Appeal Allowed, Penalty Cancelled due to Misunderstanding with AAC. Exemption granted.</h1> The assessee's appeal was allowed, and the penalty for failing to file a wealth return on time was canceled due to a misunderstanding with the Appellate ... - The assessee failed to file wealth return on time, leading to penalty. The delay in filing appeal was condoned due to misunderstanding with AAC. Assessee entitled to exemption, so penalty canceled. Appeal allowed, penalty canceled.
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