Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (11) TMI 49 - HC - Income TaxExtract: .......y under the Income-tax Act. Therefore, the levy of penalty of Rs. 5,000 in this case which is less than the minimum provided under section 271(1)(c) of the Income-tax Act, 1961, is not justified. We, therefore, answer the reference in the negative and against the assessee. The department will get its costs from the assessee. Advocate s fee Rs. 250.
|