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1993 (7) TMI 133 - ITAT JAIPUR
Extract:
.......could not prove to be false. Hence the penalty cannot be sustained either under the main provisions of section 271(1)(c) of the IT Act nor under Explanation to section 271(1)(c) as it existed at the relevant time. 17. The penalty under section 271(1)(c) sustained by the DC (Appeals) is, therefore, cancelled. Appeal filed by the assessee is allowed.