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2003 (2) TMI 151 - ITAT ALLAHABAD
Extract:
.......imit. Accordingly, we set aside the orders of the authorities below and allow the appeal of the assessee and cancel the penalty under s. 271(1)(a) of the IT 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.