2023 (8) TMI 729 - SCH - Income Tax

Penalty u/s 271(1)(c) - as per HC ITAT correctly deleted penalty on the ground that quantum additions were deleted by the Tribunal and upheld by the High Court - HELD THAT - We do not find any reason to interfere with the impugned order. SLP is, accordingly, dismissed. Pending applications, if any, shall also stand disposed of.

Summary

The Supreme Court of India dismissed the Special Leave Petition, condoned delay, and disposed of pending applications. Hon'ble Mr. Justice Aniruddha Bose and Hon'ble Mr. Justice J.B. Pardiwala were presiding. Petitioner's counsel included Mr. N. Venkatraman, Mr. Ashok Panigrahi, Mr. Vivek Gupta, and others.