1976 (3) TMI 75 - AT - Income Tax

Summary

The Appellate Tribunal ITAT DELHI-B cancelled the penalty imposed under section 271(1)(c) on the assessee, Smt. Krishna Dua, for omitting interest income of Rs. 1,015 from her return. The Tribunal accepted the explanation that the omission was due to oversight, considering the circumstances of the case. The appeal was allowed. (Case Citation: 1976 (3) TMI 75 - ITAT DELHI-B)