Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1974 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1974 (2) TMI 13 - HC - Income TaxExtract: .......rate of profit in the earlier years. Thus, we are of the opinion that the Tribunal was perfectly justified in cancelling the penalty order. We, accordingly, answer the question in the affirmative, in favour of the assessee and against the department. The assessee is entitled to costs which we assess at Rs. 200. Question answered in the affirmative.
|