1976 (1) TMI 14 - HC - Income Tax

Summary

The High Court of Allahabad allowed the petition filed by the accountable person for the estate of late Sri P. K. Banerji. The court quashed the penalty of Rs. 5,000 imposed by the Assistant Controller for alleged concealment of estate particulars, citing flaws in the reasoning and failure to consider relevant facts. The order dated August 6, 1975, was set aside with no costs imposed.