Dismissed
The Pr. Commissioner of Income Tax CENTRAL-03 v. Shyam Basic Infrastructure Pvt. Ltd.
Delhi HCITA/7/2016
Case brief
AI extract
What is this about?
Revenue penalty appeal against ITAT order. Court held mere non-acceptance of submissions without positive evidence of concealment did not warrant penalty under Section 271(1)(c). Dismissed appeal. (Note: Subject mismatch in text as it is income tax appeal under the tune of appeal taxation.)
What did the court decide?
The penalty appeal was dismissed. No substantial question of law arises on the facts.