TMI Blog2002 (11) TMI 13X X X X Extracts X X X X X X X X Extracts X X X X ..... n 271D was deleted - Tribunal's order shows that the conclusion of the Tribunal that there was a reasonable cause in not strictly complying with the provisions of section 26955 of the Act is based on relevant factors. The view taken by the Tribunal is not either perverse or so irrational that no reasonable person, on the given facts, would have come to the same conclusion - - - - - Dated:- 26-11- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee was going to be directly benefited if the cheques issued to Hindustan Engg. Products are cleared in time, as there was a discount at 2 per cent. for cash payment against the bills. The cheques issued by the assessee were dated April 4, 1989; September 14, 1989; December 21, 1989; January 16, 1990, and February 20, 1990, and the advances, which were received by the assessee in cash, we ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s order dated March 10, 1995, in I.T.A. No. 1365/Dellhi of 1994 for the assessment year 1990-91, wherein it was held that the basis adopted by the Revenue in making the impugned additions, i.e., violation of the provisions of section 26955 is Wholly unwarranted. Accordingly, the impugned additions were deleted. This, in our considered view, is a default of venial nature and the decisions of the ap ..... X X X X Extracts X X X X X X X X Extracts X X X X
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