Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2004 (12) TMI 636 - AT - Income Tax
Extract:
.......asons set out above, we uphold the grievance of the assessee. We, accordingly, direct the Assessing Officer to apply the tax rate of 15 per cent as claimed by the assessee. The excess amount collected will be refunded by the Assessing Officer. 20. In the result, ITA No. 2724/Mum./98, is also allowed. 21. In the result, both the appeals are allowed.