Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2006 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2006 (1) TMI 202 - ITAT JODHPURExtract: .......sistently taking a view that in case the deposits found in the books of the assessee are not accepted as explained, it cannot in itself lead to attract one of the ingredients of s. 271(1)(c) of the Act. Therefore, for the foregoing reasons, I order to delete/cancel the impugned penalty and accept the appeal. 9. In the result, the appeal is allowed.
|