2010 (10) TMI 94

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... proceeding be taken under Section 271 (1) (c) of the Income Tax Act, 1961 - Held that: - penalty proceedings were also dropped - Appeal is allowed
Yatindra Singh, Rajes Kumar,JJ. 1. This appeal relates to the assessment year 2002-03. Initially the respondent had shown income of Rs.1,82,605/- accrued out of the sale of shares as long term capital gain. Subsequently, he surrendered the aforesaid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X