Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1992 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1992 (9) TMI 141 - ITAT JAIPURExtract: .......te for underestimating its income by the assessee. In the totally of the facts of this case, we hold that the assessee was prevented by reasonable and bona fide cause from filing correct estimate of its income. That being so, no penalty under s. 273(2)(c) is leviable in this case. 6. In the result the penalty levied is cancelled the appeal allowed.
|