Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1998 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1998 (12) TMI 86 - HC - Income TaxExtract: .......is court has clearly held that no part of the penalty under section 36(3) of the Bombay Sales Tax Act, as it stood at the material time, is compensatory. In view of the above, the question referred to us is answered in the negative, i.e., in favour of the Revenue and against the assessee. Reference disposed of accordingly with no order as to costs.
|