Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1997 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1997 (12) TMI 21 - HC - Income TaxExtract: .......no amount on which penalty could be calculated under section 271(1)(a) of the Act and, hence, the penalty could not be levied. We, therefore, hold that the Appellate Tribunal was correct in cancelling the penalty and we answer the question of law referred to us in the affirmative and against the Revenue. However, there will be no order as to costs.
|