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2011 (9) TMI 10 - HC - Income TaxDisallowance - Penalty - waiver of penalty under Section 273A - Non speaking order - The petitioner in the profit and loss account had shown income of Rs.37,80,000/- from sub-letting of space to a third party after taking a premises on lease from the director of the company, who had gone abroad - learned counsel for the petitioner has submitted that the tax demands as raised under Section 156 of the Act were initially paid - It does not deal with the various contentions and issues raised - As facts have not been discussed and stated in this order, we are not inclined to examine the case law relied upon and answer any question on hypothetical basis - Matter remanded back to AO - It is open to the petitioner to file an application under Section 220 (2A) of the Act, if so advised and necessary before AO. The writ petition is accordingly disposed of
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