1992 (8) TMI 54

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... court for its opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was justified In law in cancelling the penalty of Rs. 5,000 imposed under section 271(1)(c) of the Income-tax Act, 1961 ? " The Income-tax Officer made an addition of Rs. 29,673 which was credited to the Amanat Khata by the assessee, rejecting the plea of the assessee that the said amount was h....