Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1998 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1998 (5) TMI 32 - AT - Income TaxExtract: ....... it was so, subsequently on this disallowance penalty could not be levied . 6.1. In the light of the above facts and circumstances of the assessee s case and keeping in view the aforesaid judicial pronouncements we hold that there is no justification for the impugned penalty. The same is accordingly deleted. 7. In the result, the appeal is allowed.
|