1991 (6) TMI 223

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t of the Court was delivered by DR. A.S. ANAND, C.J.- The submission on behalf of the Revenue that the revised return was belated and therefore the levy of penalty under section 12(5)(ii) of the Ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g the position, the levy of penalty under section 12(5)(ii) is not called for. It is only the incorrect return which has been filed which made the assessee suffer the penalty under section 12(5)(iii) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X