Dismissed
The Commissioner of Income Tax - International Taxation -1 v. Adidas Sourcing Ltd.
Delhi HCITA/722/2019
Case brief
AI extract
What is this about?
The High Court dismissed the Revenue appeal against the deletion of penalty by the ITAT. Being agreed that issues were debatable and amounts offered during assessment proceedings, the Court found no occasion to levy penalty under Section 271(1)(c).
What did the court decide?
The Revenue appeal was dismissed as no substantial question of law arose and the penalty was properly deleted for debatable issues.