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1982 (5) TMI 108

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..... he assessee stated that the assessment itself had been made u/s 143 (1) of the Act to which he had filed a petition in form No. 6A on 6-3-1978. As such no penalty could be levied. The ITO however notice that there was no evidence in support of the assessee claim. He therefore, levied a penalty or Rs. 1,376 The same has been confirmed by the AAC on appeal. The assessee has come up in second appeal .....

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..... the penalty may have to be revised in the light of the ultimate figures adopted by the ITO. In a connected case of Uttamchand, where a similar penalty for this year was levied by this Bench has already set aside the penalty and directed the assessee s appeal to be heard afresh by the AAC after examining Shri B.M. Gupta, for the assessee and verifying the cause for the delay in the submission of th .....

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