2024 (1) TMI 562 - SCH - Income Tax

Penalty u/s 271(1)(c) - debatable issue - bonafide claim by disclosing income and particulars of such income - HELD THAT - As stated by the learned counsel for the parties the matter has been amicably settled between the parties under the Vivad se Vishwas Scheme. Special leave petition has rendered infructuous and is disposed of as such.

Summary

The Supreme Court Order in citation 2024 (1) TMI 562 states that the matter has been settled under the Vivad se Vishwas Scheme. The special leave petition is disposed of as infructuous, and any pending applications are also disposed of.