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2005 (10) TMI 68 - ALLAHABAD HIGH COURTPenalty under section 271(1)(c) - "Whether Tribunal was right in law to hold that penalty under section 271(1)(c) was chargeable in the case of the assessee in respect of excess claim of interest made by the assessee notwithstanding the fact that the assessee has subsequently volunteered the information co-operated with the Department?" – "Whether Tribunal was right in law to uphold the penalty in regard to a sum of Rs. 10,22,770 being the amount remitted by the bank on the basis of compromise decree granted during the relevant assessment year notwithstanding the fact that the decree was satisfied in a subsequent assessment year?" – both questions are answered in the affirmative, i.e., in favour of the Revenue
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