Commissioner Of Income-Tax, ... vs Babu Ram Ajit Prasad.
Judges:
04 December, 1974·Subsequently, penalty proceedings were drawn up and ultimately the Inspecting Assistant Commissioner imposed a penalty of Rs. 6,700. On appeal, the Tribunal quashed the penalty order. It was found that on facts the Explanation to section 271(1) was not attracted. At the instance of the Commissioner,...
High Court Of Judicature at Allahabad
Deep Chandra And Co. vs Commissioner Of Income-Tax
Judges: M Shukla, K Agrawal
02 December, 1974·"The question whether a transaction is an adventure in the nature of trade must be decided on a consideration of all the relevant facts and circumstances which are proved in the particular case. The answer to the question does not depend upon the application of any abstract rule or principle or form...
High Court Of Judicature at Allahabad
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