2023 (8) TMI 1086 - SCH - Income Tax

Penalty u/s 271D / 271E - non-compliance of the provisions of Section 269-SS and 269-T - competent authority to levy the penalty - HELD THAT - As petitioner submitted that what is impugned in this Special Leave Petition is the order of the High Court passed in a writ petition, filed by the petitioner. However, the petitioner has been successful before the CIT (Appeals) and as against the said order, no further appeal has been filed by the Revenue. Therefore, the Special Leave Petition may be disposed of leaving the question of law, if any, open. Learned senior counsel appearing or the Revenue does not object to this submission. In view of the aforesaid submission made by the learned counsel for the petitioner, which is accepted, the Special Leave Petition is disposed of, keeping open the question of law, if any, which arises in this matter.

Summary

The Supreme Court's judgment in the case involved a Special Leave Petition where the petitioner had succeeded before the CIT (Appeals). The Court disposed of the petition, leaving the question of law open as no further appeal had been filed by the Revenue.