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2010 (9) TMI 1142 - ITAT CHANDIGARH
Extract:
.......e. Accordingly, we hold that the assessee is not liable to the levy of penalty u/s 271(1)(c) of the Act. We set aside the order of CIT(A) and direct the Assessing officer to delete the penalty levied u/s 271(1)(c) of the Act. 34. In the result, appeal of the assessee is allowed. Order Pronounced in the Open Court on this 9th day of September, 2010.