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2002 (12) TMI 195 - ITAT AMRITSAR
Extract:
....... meaning than one, then the Court has to adopt the provisions which favours the assessee, more particularly so where the provisions relate to the imposition of penalty. 12. In view of the above, I cancel the penalty of Rs. 35,000 sustained by the CIT(A). 13. In the result, the assessee s appeal is allowed while the Departmental appeal is dismissed.