Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (12) TMI 624 - ITAT MUMBAIExtract: ....... this view of the matter we are of the considered opinion that no penalty under s. 271(1)(c) of the Act can be levied on the amounts of ₹ 25 lacs and 1.35 crore respectively. Therefore, the ground raised by the assessee is allowed. 13. In the result, the appeal filed by the Revenue is dismissed and the appeal filed by the assessee is allowed.
|