Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1996 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (11) TMI 97 - ITAT ALLAHABAD-BExtract: .......of Rs. 9,25,000 was in the conscious knowledge of the department, which fact also assists the assessee as has been held by the High Court of Kerala in the case of CIT v. Pawan Kumar Dalmia 1987 168 ITR 1/35 Taxman 136. 18. In the result, we are of the considered view that no penalty is imposable on the assessee. Penalty deleted. 19. Appeal allowed.
|