Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1997 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (5) TMI 72 - ITAT AHMEDABAD-BExtract: .......oth the parties. It is an admitted fact that the penalty was levied by the when the stay petition was pending before the CIT. Such a penalty is not justified in view of the ratio laid down by the Punjab and Haryana High Court in the case of CIT vs. Leader Valves (P) Ltd. We accordingly delete the penalty. 12. In the result, the appeals are allowed.
|