Dismissed
The Commissioner of Wealth Tax v. M/S Edc Ltd, through Its Managing Director
Bombay HCTXA/67/2012
Case brief
AI extract
What is this about?
Revenue appealed regarding penalty proceedings. Court dismissed the appeal relying on a prior order wherein quantum proceedings were decided in assessee's favor, rendering penalty proceedings non-survivable.
What did the court decide?
Dismissed the Appeals as penalty proceedings do not survive upon the decision in quantum proceedings in favour of the assessee.