Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2004 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (9) TMI 313 - AT - Income TaxExtract: .......at the amount at the credits does not represent income of the assessee with the hypothesis that it does. Taking the totality of the facts and circumstances of this case into consideration as also the judicial opinion, we are of the considered view that penalty under section 271(1)(c) is not justified in this case. The same is accordingly cancelled.
|