Dismissed
Principal Commissioner of Income Tax (CENTRAL)-3, v. M/S. Nkg Infrastructure Ltd.
Delhi HCITA/514/2018
Case brief
AI extract
What is this about?
The Delhi High Court dismissed an Income Tax Appeal asserting that the imposition of penalty under Section 271(1)(c) does not arise when Section 271-AAA proceedings had already culminated in penalty for the same assessment year, thereby invoking the statutory bar under Section 271-AAA(3).
What did the court decide?
No levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961 allowed due to the statutory bar under Section 271-AAA(3).