Allahabad H.C :The Income Tax Appellate Tribunal was legally right in not quashing the penalty proceedings under Section 273(2)(a) of the Act where it is admitted that no such proceedings were proposed in the draft assessment order nor any directions under Section 144B of the Act were given by the Inspecting Assistant Commissioner of Income Tax in his order to Assessing Authority to take such proceedings in the present case
High Court Of Allahabad J.K. Synthetics Ltd. vs. CIT (Central), Kanpur Assessment Year : 1979-80 Section : 273, 144B, 210 […]