2002 (1) TMI 954 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Ahmedabad canceled penalties imposed under sections 271(1)(a) and 271(1)(c) for assessment year 1988-89 due to reasonable cause, citing the case of Motilal Padampat Sugar Mills Co. Ltd. v. State of U.P. The appeals of the assessee were allowed.