Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1992 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1992 (7) TMI 127 - AT - Income TaxExtract: .......ssessee. Having taken into account the facts of the case, we are of the opinion that the Department failed to discharge the onus which was shifted on it after explanation of the assessee. In view of these facts levy of penalty is not justified. Accordingly, the penalty confirmed by the CIT(A) is knocked off. 7. In the result, the appeal is allowed.
|