Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1989 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1989 (11) TMI 99 - ITAT JABALPURExtract: .......nd imposition of penalty on the basis of amended Act would be illegal, in view of SATWANT SINGH, case. We therefore uphold the decision of the AAC in this regard that penalties can only be imposed at 50 to the extent of the tax as maximum. 7. In the result the appeals of the department are dismissed and Cross objections of the assessee are allowed.
|