Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1993 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1993 (10) TMI 108 - AT - Income TaxExtract: .......nd cancellation of the same by the A/c was not correct. Levy of penalty is, therefore, upheld. 8. However, on the peculiar facts and circumstances of the case, we are of the view that maximum penalty of Rs. 6,97,270 is not leviable. The same is, therefore, directed to be reduced to Rs. 3,48,635. We direct accordingly. The appeal is allowed in part.
|