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2003 (2) TMI 150 - ITAT ALLAHABAD
Extract:
.......ngly, we set aside the orders of the authorities below and allow the appeal of the assessee and cancel the penalty under section 271(1)(a) of the Income-tax Act. We may mention that our findings are only in relation to penalty proceedings and have no bearing on the assessment of income. 36. As a result, both the appeals of the assessee are allowed.