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2002 (6) TMI 590 - ITAT ALLAHABAD
Extract:
.......ny explanation with evidence and, therefore, the assessee is liable to penalty. The CIT (A) has not considered the legal provisions while cancelling the penalty under section 271(1)(c) imposed by the Assessing Officer. The order of the CIT(A) is reversed and the order of the Assessing Officer are confirmed. 13. In the result, the appeal is allowed.