Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1988 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1988 (11) TMI 81 - HC - Income TaxExtract: .......t be denied. But once a conclusion is reached that the default was wilful, the benefit conferred by section 185 must be denied. Applying the ratio of Standard Mercantile Co. s case 1986 157 ITR 139 (Pat), the question referred must be answered in the affirmative, in favour of the assessee and against the Revenue. There will be no order as to costs.
|