Allowed
Anoopgarh Kraya Vikray Sahkari Samiti v. a.C.I.T.Circle,Sriganganagar
Rajasthan HCITA/13/2013
Case brief
AI extract
What is this about?
The High Court allowed the income tax appeal, setting aside the penalty imposed under Section 271(1)(c) for AY 1995-96. The decision relied entirely on a companion judgment delivered by the same bench on the same date regarding the same assessee, rendering the current appeal res inter alios acta.
What did the court decide?
Penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 1995-96 was set aside.