2017 (10) TMI 1389 - HC - Income Tax

Penalty u/s 271(1) - search procedure pursuant to notice issued u/s 153A - Held that - ITAT had followed the ruling of this Court, in Principal Commissioner of Income Tax-19 v. Neeraj Jindal 2017 (2) TMI 1002 - DELHI HIGH COURT . This Court notices that the judgment in Neeraj Jindal (supra) also was in the context of search in the same group of companies in which the assessee was the Director. As a consequence, the Court holds that there is no substantial question of law involved in this appeal which is accordingly dismissed.

Summary

The Delhi High Court dismissed an appeal regarding a penalty imposed under Section 271 of the Income Tax Act, 1961 after a search procedure under Section 153A. The court found no substantial question of law involved as per a previous ruling in a similar case and upheld the penalty.