Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2007 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (12) TMI 320 - AT - Income TaxExtract: .......range funds, which he did by withdrawing from bank account and deposited cash in company rsquo s account. In my view it constitutes a reasonable cause. Respectfully following above judgments, I hold that assessee is prevented by sufficient cause, therefore, penalty under section 271D is deleted. 6. In the result, assessee rsquo s appeal is allowed.
|