Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1999 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1999 (3) TMI 106 - AT - Income TaxExtract: .......In view of the above reasoning and also relying on the decisions cited in para 5 above on behalf of the assessee we hold that the penalty was not exigible on the facts and circumstances of the present case. Hence we uphold the order of the CIT(A) in cancelling the penalty order passed by the AO. 14. In the result, the Revenue s appeal is dismissed.
|