Dismissed
The Commissioner of Income Tax -v, v. Prima Paper and Engg.Pvt.Ltd.
Bombay HCITXA/1644/2012
Case brief
AI extract
What is this about?
In Income Tax Appeal No.1644 of 2012, the High Court dismissed the Revenue's appeal against the deletion of a penalty under section 271(1)(c) of the Income Tax Act. The court upheld the Tribunal's and Commissioner's findings that no material existed to satisfy penalty ingredients, especially given successful disclosure in quantum proceedings.
What did the court decide?
The appeal is dismissed. No costs.