1995 (7) TMI 51

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....ted:- 31-7-1995<br>- - -<br>Income Tax<br>Judge(s)&nbsp; : B. M. LAL., M. C. AGARWAL&nbsp; JUDGMENT Heard Sri Shekhar Srivastava, learned counsel for the Revenue and Sri S. D. Singh, learned cou....

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....ggregate amount of penalty under sections 271(1)(a) and 271(1)(c) to the extent of twice the amount of tax sought to be evaded calculated on the basis of tax payable by a registered firm and not on th....