Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1977 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1977 (8) TMI 67 - ITAT AHMEDABADExtract: .......IT is, therefore, confirmed except that penalties levied under ss. 45(1) and 45(6) of the Act are reduced to Rs. 5,000 and Rs. 14,000 respectively. The assessment order shall, therefore, be modified accordingly. The amounts of penalties shall be reduced as stated above. Excess amounts of penalties, if found paid, shall be refunded to the appellant.
|