Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (2) TMI 99 - HC - Income TaxExtract: .......the aforesaid view of the matter, we would answer the question by saying that the penalty proceedings would be governed by the Explanation to section 271(1) of the Income-tax Act, 1961, and the Tribunal was not justified in holding that the Explanation would not govern the proceedings. There will, however, be no order as to costs. GUHA J.--I agree.
|