2020 (2) TMI 597 - SCH - Income Tax

Penalty u/s 271(1)(c) - furnishing inaccurate particulars of his income - exemption u/s 80-P claimed though it was excluded from the purview of Section 80-P of the Act w.e.f. 01.04.2007 - error in filing return - it was held by High Court that The proceedings under Section 271(1)(c) of the Act were rightly initiated against the assessee and the penalty was also rightly imposed on him - HELD THAT - There are no grounds to interfere with the judgment and order impugned - SLP dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petition as no grounds were found to interfere with the impugned judgment and order. (Citation: 2020 (2) TMI 597 - SC)