AO's 100% Penalty u/s 221(1) for Unpaid Tax Reduced to 10% by CIT(A) Due to Excessiveness.

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....Quantum of penalty u/s 221(1) - failure to pay tax before filing of return - AO levied the maximum penalty prescribed equal to 100% without recording any satisfaction - CIT(A) was right in restricting penalty to 10% of the total tax payable - AT....