THE KANGRA CENTRAL COOPERATIVE BANK LIMITED,DHARAMSHALA vs. DEPUTY COMMISSIONER OF INCOME TAX, PALAMPUR

In the result, both the appeals of the assessee are allowed

Section 271(1)(c). That is clearly not\nthe intendment of the Legislature.”\n14.\nIn light of aforesaid discussions and in the entirety of facts and circumstances of\nthe case and respectfully following the decision supra, the levy of penalty u/s