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1992 (1) TMI 173 - AT - Income Tax

1988 (8) TMI 73 - HC

1992 (8) TMI 100 - AT

The Department appealed the consolidated order of CIT(A) for asst. yr. 1982-83 and 1983-84. Penalties under s. 271(1)(a) were deleted as prepaid taxes exceeded tax assessed. Citing CIT vs. Builders Engineers Co., penalties cannot be levied if tax assessed is zero. Department's appeal was dismissed.

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