1984 (4) TMI 2

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the Tribunal was justified in deleting the penalty of Rs. 10,700 imposed by the Inspecting Assistant Commissioner under section 271(1)(c) of the Income-tax Act, 1961 ? " The relevant facts in the case are that while scrutinising the incometax return of the opposite party company, the Income-tax Officer was of the view that a sum of Rs. 20,000 was concealed by the assessee as the source of cash d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ot the following question referred : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in deleting the addition of Rs. 20,000 as the assessee's income from undisclosed sources and in allowing the interest claim of Rs. 1,318 on the same?" The case was registered as Tax Case No. 95 of 1973. It has been finally decided on 23rd April, 1984, and the High Court has .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X