Applicability of para 5(b) of instruction No.849 to AY 1973-74 and 1974-75.

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.... NO. 1410/CBDT  Dated: August 4, 1981 Attention is invited to Instruction No.849 dated 10-7-75 (F.No.206/3/75-II A.II). In para 5(b) of the said Instruction the board had decided that in ca....

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.... 2. The board have considered the question of the waiver of penalty and interest in such cases at the time of original assessment proceedings. It is decided that the clarifications given in para 5(b) ....