Levy of penalty - debatable issue - As per AO assessee treated ...

Supreme Court dismisses Revenue's appeal, upholds no penalty for assessee's subsidy treatment as capital receipt.

January 30, 2024

Case Laws Income Tax SC

Levy of penalty - debatable issue - As per AO assessee treated the revenue receipt of subsidy as capital receipt - As per High Court no error in the findings recorded by Tribunal while setting aside penalty - With the Supreme Court dismissing the Special Leave Petition (SLP) filed by the Revenue against the order, the decision of the lower courts stands affirmed.

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Levy of penalty - debatable issue - As per AO assessee treated ...

Supreme Court dismisses Revenue's appeal, upholds no penalty for assessee's subsidy treatment as capital receipt.

January 30, 2024

Case Laws Income Tax SC

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