1991 (1) TMI 95

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..... ed the following question : "Whether, on the facts and circumstances of the case, the Incometax Appellate Tribunal, Delhi Bench, was justified, for the reasons mentioned in paragraph 5 of its order, in cancelling the penalty under section 271 (1) (c) of the Income-tax Act, when the addition of Rs. 96,563 was confirmed in ex parte assessment under section 144 ?" The assessee is a Muslim waqf. F .....

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..... sessee as finally determined stood at Rs. 2,22,017. The difference thus between the income returned and the income assessed was Rs. 1,36,561. This sum represented various expenses claimed by the assessee but disallowed by the Income-tax Officer. Proceedings for penalty under section 271 (1) (c) of the Income-tax Act were taken. The Inspecting Assistant Commissioner levied a penalty of Rs. 1,90,000 .....

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