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2001 (9) TMI 248 - AT - Income Tax
Extract:
.......6 has observed that there is no presumption that every person knows the law. In the light of the above, we hold that both on law and on facts, the penalty levied by the Addl. CIT under section 271D and confirmed by the Id. CIT(A) is not maintainable. Accordingly, we delete the penalty levied. 8. In the result, the appeal of the assessee is allowed.