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2013 (10) TMI 1370 - DELHI HIGH COURT
Penalty u/s 271(l)(c) - Held that:- This is a fit case wherein the explanation offered by the assessee establishes and proves his bona fides. The same should be accepted especially when he had filed a detailed note and had also paid tax and had asked for refund of tax. The question of law is accordingly, answered in favour of the appellant and against the revenue. Penalty under Section 271(1)(c) is directed to deleted.