1984 (4) TMI 2 - HC - Income Tax

Summary

The High Court of Patna decided in favor of the assessee, ruling that the penalty imposed under section 271(1)(c) of the Income-tax Act was not justified. The Tribunal's decision to delete the penalty was upheld as it was based on the acceptance of the assessee's case regarding the inclusion of Rs. 20,000 in its income. The High Court's opinion was against the Department, and the decision was made on 23rd April, 1984.