2017 (7) TMI 1170 - HC - Income Tax

Penalty u/s 271(1)(c) - Exemption claimed u/s 54B - proof of sale of agricultural land at Neelankarai and re-investment in agricultural land at Mahabalipuram - Bonafide belief - Held that - The issues raised in these appeals are identical to the issues raised in the appeal in THE COMMISSIONER OF INCOME TAX VERSUS S.S.M. AHMED HUSSAIN 2017 (8) TMI 929 - MADRAS HIGH COURT which has not been entertained by this Court as no substantial question of law is involved in the said appeal. For the reasons discussed in the said appeal the present appeals are also not entertained.

Summary

The High Court of Madras dismissed the appeals as the issues raised were identical to a previous appeal that was not entertained due to no substantial question of law. Consequently, the appeals were dismissed, and related applications were closed.