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1994 (12) TMI 127 - ITAT JAIPUR
Extract:
.......e assessee-company. That being so, the assessee-company committed no default u/s 269SS so as to be liable for penalty u/s 271D. The penalty imposed upon the assessee has thus to be cancelled. 11.The penalty of Rs. 41,000 imposed on the assessee-company u/s 271D for default u/s 269SS of the Act is hereby cancelled and consequently the appeal allowed