Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1981 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (7) TMI 112 - ITAT COCHINExtract: .......hat the assessee has freed itself of a possible charge of gross negligence as contemplated in the Explanation to section 271(1)(c). 24. We, therefore, held that the assessee is not liable to penalty under section 271(1)(c). The penalty of Rs. 1,08,084 levied by the ITO and confirmed by the Commissioner (Appeals) is cancelled. The appeal is allowed.
|