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1997 (1) TMI 153 - AT - Income Tax
Extract:
.......f CIT v. Vegetable Products Ltd. 1973 88 ITR 192. Therefore, the contention of the learned Senior Departmental Representative has to be rejected. 8. In view of the above discussions, we set aside the order of the CIT (Appeals) and cancel the penalty levied under section 271D sustained by him. 9. In the result, the appeal of the assessee is allowed.