2018 (7) TMI 1074 - SCH - Income Tax

Penalty under Section 271(1)(c) - addition on account of sundry balances written off which was not suo motto offered for taxation even though the same was taken into consideration for claiming deduction under Section 80IB - Held that - SLP dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition as they did not find any merit in the petition. Delay was condoned, and pending applications were disposed of. No representation was made by the respondent.