1997 (2) TMI 72

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....992 under sections 276C and 277 of the Income-tax Act. A complaint was filed by the Union of India against the petitioner stating that the petitioner is an assessee within the meaning of section 2(7) of the Income-tax Act, 1961. The petitioner filed a return on November 30, 1988, declaring a total income of Rs. 2,29,230. The income was assessed under section 143(1) at the total income of Rs. 2,....

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....penalty proceedings were initiated under section 271(1)(c). Penalty of Rs. 65,000 was imposed under section 271(1)(c) on March 27, 1990, vide the Assistant Commissioner of Income-tax's order dated March 27, 1990. The petitioner preferred an appeal against the penalty order under section 271(1)(c) before the Commissioner of Income-tax (Appeals), Jamshedpur. The penalty was confirmed vide order d....