2019 (3) TMI 902 - SCH - Income Tax

Penalty u/s. 271(1)(c) - exemption under sections 11 and 12 denied - CIT(A) deleted the penalty on the ground that assessee has succeeded before the Gujarat High Court in quantum additions. Same was the view expressed by the Tribunal and confirmed by HC - HELD THAT - SLP dismissed.

Summary

The Supreme Court of India in 2019 dismissed the Special Leave Petition as it found no good ground to interfere with the impugned order passed by the High Court. The delay was condoned, and pending applications were disposed of.