2018 (3) TMI 535

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..... ousing & Plantation Corporation (2018 (2) TMI 604 - BOMBAY HIGH COURT) and also considering the respondent-assessee's submission that no penalty is imposable under Section 271(1)(c) of the Act as no inaccurate particulars of income had been filed by the respondent in the present case. - Income Tax Appeal No. 767 of 2015 - - - Dated:- 6-3-2018 - M.S. SANKLECHA, SANDEEP K. SHINDE, JJ. Mr. .....

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..... 377; 74,54,700/-; in quantum proceedings being admitted. 3. Appeal is admitted on the above re-framed substantial question of law. As the issue involved is within a narrow compass, the Appeal is itself taken up for final disposal at this stage on the request of the Counsel for both sides. 4. We find that the impugned order of the Tribunal dated 2nd September, 2014 has allowed the responden .....

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..... at the question of deleting penalty would have to be decided on a case to case basis and one cannot dehors the facts, proceed to delete penalty merely on the ground that the Appeal from order in quantum proceedings have been admitted. 6. Further, Ms. Pawar, the Learned Counsel appearing for the respondents states that, all particulars of income had been disclosed. Thus, the imposition of penalt .....

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