2010 (5) TMI 945

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ER We had issued notice limited to the issues concerning the penalty in respect of additions of Rs. 1 lac on account of income tax paid, which had been debited to the Profit and Loss Account and the sum of Rs. 13,24,539/- debited by the assessee to the Profit and Loss Account for equipment written off. After hearing the counsel for the parties, we feel that the question as to whether the Tribun....