Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1981 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (2) TMI 105 - ITAT BOMBAY-BExtract: .......s quite probable that no such stock at all was found which was sold by the assessee. Taking the probabilities of the case, I think there could be no penalty in respect of such alleged suppression of sales. 7. In the result, the entire penalty would stand vacated. The departmental appeal is dismissed, while the assessee s cross objection is allowed.
|