Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1991 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1991 (7) TMI 149 - ITAT HYDERABAD-BExtract: .......nsidering, therefore, all the facts and circumstances of the case, we are of the view that this is not a CIT case for levy of penalty under s. 271(1)(c) of the IT Act. We accordingly cancel the penalty levied by the Revenue. The assessee s appeal is allowed. 18. In the result, ITA No. 1912/Hyd/1987 is dismissed and ITA No. 1073/Hyd/1989 is allowed.
|