The Bombay High Court dismissed the Income Tax Appeal. The appellant challenged the Tribunal's order deleting a penalty. The Court held no substantial question of law arose as the Tribunal found no concealment, ultimately dismissing the appeal.
Appeal dismissed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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ita-778-12.doc
SRK
IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.778 OF 2012
The Commissioner of Income tax -9, Mumbai .. Appellant V/S
M.s. Paramount Apparels Pvt. Ltd.
.. Respondent
Mr. Tejveer Singh for the revenue. Mr. P.C. Tripathi i/by Mr. A.K. Jasani for the respondent.
CORAM : S.C. DHARMADHIKARI, J. AND
A.K. MENON, J.
DATED : 8th October, 2014
P.C.
This appeal challenges the order passed by the Tribunal in Income tax Appeal No.2539/Mum/2011 for the assessment year 2004-05. By the impugned order dated 31st January, 2012, the Tribunal upheld the deletion of penalty. In deleting the penalty levied by the Assessing Officer, the Commissioner of Income tax (Appeals), Mumbai and the Tribunal held that merely because the assessee’s claim is rejected by the Assessing Officer does not mean that a penalty has to be levied.
(A.K. Menon, J.)
(S.C. Dharmadhikari, J. )
1 issue framed by the court
Whether the appeal against the Tribunal's order upholding the deletion of penalty raises any substantial question of law.
Commissioner of Income tax -9, Mumbai
M.s. Paramount Apparels Pvt. Ltd.
S.C. Dharmadhikari
A.K. Menon
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
