1980 (9) TMI 117 - AT - Income Tax

Summary

The appeal was filed by the assessee against the AAC's order regarding penalty for late payment of self-assessed tax. The ITAT Delhi-A held that the penalty could not be sustained as the provision under section 140A(3) was struck down by the Madras High Court. The penalty of Rs. 5,500 was deleted, and the appeal was allowed. (Case Citation: 1980 (9) TMI 117 - ITAT DELHI-A)