Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1994 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1994 (1) TMI 40 - HC - Income TaxExtract: .......here was no proof of actual expenditure which was required to be explained by the assessee was based on valid materials and has to be upheld. Consequently, the cancellation of the penalty imposed under section 271(1)(c) was also correct. It follows that our answers to all the three questions are in the affirmative and against the Revenue. No costs.
|