1989 (3) TMI 100

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..... ether, on the facts and in the circumstances of the case, the Tribunal is right in law in affirming the order of the Appellate Assistant Commissioner of Income-tax cancelling the penalty of Rs. 8,176 levied by the Income-tax Officer under section 271 (1) (a) ? (2) Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that penalty under section 271(1) .....

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..... ted as 179 ITR 419 (P H)), decided on March 14, 1989, where, it was held that if the entire amount of tax has already been paid, being deducted at source or paid in advance, the question of imposition of any penalty upon a registered firm under section 271(1)(a)(i)(b) of the Income-tax Act, 1961, does not arise. Both the questions are accordingly hereby answered in the affirmative, in favour of .....

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