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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Penalty u/s. 271(1)(c) - exemption under sections 11 and 12 ...


Commissioner of Income Tax (Appeals) Deletes Penalty; High Court and Tribunal Confirm Decision; Special Leave Petition Dismissed.

March 18, 2019

Case Laws     Income Tax     SC

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 - SLP dismissed.

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