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2004 (7) TMI 274 - AT - Income Tax
Extract:
.......am of the view that all the four cases before me are not fit cases for levy of any penalty under section 271(1)(c) of the Income-tax Act. I fully agree with the view expressed by the learned VP. Order Per Bench In view of the Majority decision, the penalties levied under section 271(1)(c) of the IT Act, 1961 are deleted and the appeals are allowed.