1981 (3) TMI 105 - AT - Income Tax

Summary

The ITAT Calcutta-A judgment involved Shri Varis Ali, a PWD Contractor, for the assessment year 1977-78. A fine was imposed by the CIT, Jaipur under s. 285A(2) of the Act for not submitting information on three contracts. The ITAT set aside the penalty order, stating that the assessee had provided the required information and was not given adequate time to respond. The matter was remanded to the CIT for a fresh decision, granting the assessee a fair hearing. The appeal of the assessee was allowed for statistical purposes.