Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2003 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (7) TMI 647 - AT - Income TaxExtract: ....... for accepting the cash loans. As such, the assessee may be exonerated from the rigour of section 271D of the Act. In my opinion, the learned Accountant Member was correct in deleting the penalty. As such, I concur with his order. The matter will now go before the regular Bench for deciding the appeal in accordance with the opinion of the majority.
|