Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (1) TMI 13 - HC - Income TaxSelf-Assessment - Penalty - Default In Payment - "1. Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is legally justified in confirming the order of the Commissioner of Income-tax (Appeals) whereby the penalty levied under section 140A(3) amounting to Rs. 1,13,000 was cancelled? - 2. Whether it is necessary to prove existence of any mala fide intention or fraudulent or contumacious conduct of the assessee for imposition of penalty for the default committed under section 140A of the Income-tax Act?" - Tribunal found that there was no justified reason to inflict the penalty. - Tribunal has confirmed the finding of the Commissioner of Income-tax (Appeals) on the basis of material on record. No referable question of law arises out of the order of the Tribunal. The reference application is rejected.
|