2024 (2) TMI 470 - SCH - Income Tax

Penalty u/s 271(1)(c) - income is computed u/s 115JB by not considering the provisions of Sections 115JB(5) - As decided by HC 2017 (5) TMI 1606 - RAJASTHAN HIGH COURT penalty cannot not be imposed on the assessee since, the original appeal was decided in favour of the assessee - HELD THAT - We are not inclined to interfere with the judgment(s) and order(s) passed by the High Court. The special leave petition is dismissed.

Summary

The Supreme Court dismissed the special leave petition and declined to interfere with the judgment and order passed by the High Court. Any pending application was disposed of.