Court : Income Tax Appellate Tribunal ITAT Allahabad
Decided on : Feb-10-2003
Reported in : (2004)89ITD642(All.)
..... 26th april, 1990 in i.t.a.no.449(alld) of 1987 allowing the appeal of the assessee partly, copy of the notice dated 12-3-1981 under section 148 of the income-tax act and reply filed before the a.o. during the course of argument, we have directed both the ld.counsel for the assessee and ld.d.r. to ..... in view the above discussions, we allow the appeal of the assessee by setting aside the impugned orders of the authorities below and cancel the penalty under section 271(1)(c) of the income-tax act.32. this appeal by the assessee is filed on the following effective grounds of appeal: "1. because the learned commissioner of income-tax (appeals) was ..... of house. rs. 15,300/-(4) unexplained investment in the construction of house .. rs. 25,500/- ----------------- 7. the a.o. also initiated penalty proceedings under section 271(1)(c) of the income-tax act vide assessment order dated 28th march, 1985. the action of the a.o. was challenged before the cit(a) and the ld.cit(a) confirmed the addition .....
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