Penalty by resorting to the explanation to Section 271(1)(c).

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..... ion(s) Referred: 271(1)(c) Statute: Income - Tax Act, 1961 Reference is invited to Board's instruction No. 325 (F.267/607/71-ITJ) dated 22nd September, 1971 on the above subject. 2. In cases .....

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..... ty of the explanation. 3. In some of the cases, however, where the only ground on which the penalty can be sustained is the explanation, the explanation is neither referred to in the Inspecting Asst .....

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