Supreme Court · 1998 INSC 214 · Decided 4 May 1998
Jaswant Rai and ANR. v. Central Board of Direct Taxes and Revenue and ORS.
- Court
- Supreme Court of India
- Citation
- 1998 INSC 214 · [1998] 3 S.C.R. 139
- Case number
- CIVIL APPEAL No. 435/1982
- Decided
- 4 May 1998
- Bench
- SUJATA V. MANOHAR, S. RAJENDRA BABU (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Income Tax Act Section 271(J)(c), 271(4A), 271(1)(c)
Headnote
B Income Tax Act, 1961 : Sections 271(J)(c) and 271(4A)-Power of Commissioner of Income Tax to reduce or waive penalty-Commissioner sending report to Central c Board of Direct Taxes to reduce penalty-Board declining to reduce penalty- Held, in view qf the finding recorded by the Income Tax further scrutiny of the matter is required-Order of the Board quashed-Board would restore the proceedings to its file and would re-examine the matter. D ' The second appellant Firm made an application on 12.2.1965 that it t would place before the Income Tax Officer a true statement of its
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