2014 (10) TMI 10

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Chandra,JJ. For the Appellant : Rakesh Kumar For the Respondent : A. N. Mahajan,Ashok Kumar,Bharatji Agarwal,C.S.C.,D. Awasthi,G.Krishna,R.K. Upadhaya,S Chopra ORDER (Per Hon'ble Dr. Satish Chandra, J) All the four appeals have been filed by the Department against the consolidated order dated 22.03.2002 passed by the Income Tax Appellate Tribunal, Lucknow in ITAT Nos. 295, 296, 297 and 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....arly return well in time and there was an extraordinary delay, so the AO has levied the following penalty under Section 272A(2)(c) of the Act, which was sustained not only by the First Appellate Authority but also by the Tribunal :- (a) 1.3.1993 to 30.09.1993 - 37,100/- (b) 1.10.1993 to 31.3.1994 - 23,070/- (c) 1.4.1994 to 30.9.1994 - 42,780/- (d) 1.10.1994 to 31.3.1995 - 29,590/- With this b....