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1975 (12) TMI 75 - MADRAS HIGH COURT
Extract:
.......evied interest in accordance with cl. (iii) of the proviso to s. 139(1) of the Act. We consider that the penalty here is not properly levied under the provisions of s. 271(1)(a) of the Act. The question as reframed by us is answered in the negative and in favour of the assessee. The assessee will be entitled to his costs. Counsel's fee Rs. 250.