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1993 (6) TMI 139 - ITAT PUNE
Extract:
.......er, therefore, we reverse the order of the CIT(A) and direct the Dy. CIT (Admn.) to recompute the penalty for the period of delay not covered by reasonable cause subject to limitation of penalty to the tax deductible or collectible at source as alternatively prayed for by the appellants. 30. In the result, the appeals are allowed as directed above.