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1984 (1) TMI 14 - MADHYA PRADESH HIGH COURTExtract: .......e tax itself CIT v. Bagchi and Co. 1951 20 ITR 33 (Cal) and Kudilal Govindram Seksaria v. CIT 1964 54 ITR 653 (Bom) . As such, the order of the IAC of I.T. imposing penalty is well within limitation. Accordingly, the questions are answered in the affirmative, in favour of the Department and against the assessee. There shall be no order as to costs.
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