2018 (7) TMI 1033 - SCH - 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 - no substantial question of law involved - Held that - SLP dismissed.

Summary

The Supreme Court of India dismissed the special leave petition. Delay was condoned, and the pending application was disposed of. No representation was made on behalf of the respondent. (2018 (7) TMI 1033 - SC Order)