Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (3) TMI 707 - ITAT AHMEDABADExtract: ....... a fit case to levy the penalty under section 271(1)(c). We, therefore, cancel the penalty of Rs. 1,92,478 levied by Assessing Officer in the case of B.I. Investment Pvt. Ltd. and to the extent upheld by ld. CIT(A) in the case of Bipra Investments and Trusts Pvt. Ltd. for the assessment year 1985-86. 13. In the result, both the appeals are allowed.
|