2019 (8) TMI 162

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..... that even clause (a) of explanation 4 to section 271(1)(c) does not refer to returned income so as to limit the penalty u/s 271(1)(c) with reference to difference between tax on Assessed Income and Returned Income? - HELD THAT:- We dismiss this Tax Appeal in view of the order dictated today by us in SHREE SAI DEVELOPERS [ 2019 (8) TMI 59 - GUJARAT HIGH COURT] wherein held no error not to speak o .....

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..... 3-14. 2. The Revenue has proposed the following three substantial questions of law for the consideration of this Court: [ A] Whether on the facts and circumstances of the case and in law, the Appellate Tribunal was right in deleting the penalty of ₹ 3,10,02,580/- levied under Section 271(1)(c) of the Act. [ B] Whether o .....

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