2017 (11) TMI 2054 - HC - Income Tax

Assessment u/s 153A - Validity of Penalty levied u/s 271(1)(b) - The following questions of law arise for consideration - (i) Did the ITAT fell into error in setting aside the sums brought to tax by the AO under Section 153A in the circumstances of the case? (ii) Was the Tribunal correct in holding that penalty could not have been levied under Section 271(1)(b) of the Income Tax Act in the circumstances of the case? List on 28.02.2018 for hearing

Summary

The Delhi High Court admitted the case for consideration of two questions of law regarding ITAT's decision on tax sums and penalty under Section 271(1)(b) of the Income Tax Act. The case was listed for hearing on 28.02.2018.