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1984 (4) TMI 74 - ITAT AMRITSARExtract: .......liable for default under section 273(a) in consciously filing an underestimate of advance tax on 15-9-1975. We would, therefore, hold that as the IAC had failed to properly spell out the liability under section 273(a) the penalty levied by him is to be cancelled. We, therefore, reverse the finding of the Commissioner (Appeals) and allow the appeal.
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