Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1972 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (9) TMI 152 - AT - Income TaxExtract: ....... 80 ITR 14 (Cal). In other words the amount of tax due at the time of the assessment would be the basis on which 2 per cent for each month of default will have to be worked out. The ITO is directed to examine the quantum of penalty in the light of the above and give proper reduction that may be due to the assessee. 24. The appeal is partly allowed.
|