Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2000 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2000 (9) TMI 239 - AT - Income TaxExtract: ....... for the assessee s purpose, it was making a false claim of depreciation. We thus find that the CIT(A) was not correct in upholding the levy of penalty in this case. 8. Accordingly we reverse the order of the Revenue authorities and cancel the penalty levied on the assessee under section 271(1)(c). This appeal by the assessee is therefore, allowed.
|