2020 (2) TMI 665 - SCH - Income Tax

Penalty u/s 158 BFA(2) - addition of undisclosed income - HELD THAT - In view of the fact that the tax effect in the matter is less than two crores, we see no reason to interfere. The special leave petition is dismissed. Pending applications, if any, shall also stand disposed of.

Summary

The Supreme Court of India dismissed the special leave petition as the tax effect was less than two crores. Delay was condoned, and pending applications were disposed of.