Revenue filed an appeal under Section 260-A of the Income Tax Act, 1961, challenging the IITAT Hyderabad's reversal of a penalty. The High Court found the tax implication negligible and dismissed the appeal without admitting it for consideration.
Appeal dismissed at the admission stage. No costs.
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HONOURABLE SRI JUSTICE GODA RAGHURAM
AND
HONOURABLE SRI JUSTICE M.S.RAMACHANDRA RAO
I.T.T.A.No.468 of 2012
JUDGMENT (per Hon’ble Sri Justice Goda Raghuram):
This appeal by the Revenue under Section 260-A of the
Income Tax Act, 1961, is against the order of the I.T.A.T., Hyderabad
Bench, dated
31-07-2007 in I.T.A.No.328/Hyd/2005 whereby the Tribunal reversed the order of the Commissioner of Income Tax (Appeals), Hyderabad (confirming the order of the Assessing Officer, dated 28-06-2004 levying a penalty of Rs.46,000/- under Section 271 (1) (c) of the Act).
As the tax implication is negligible, we are not inclined to admit this appeal for consideration. The appeal is accordingly dismissed at the admission stage. No costs.
____________________________ JUSTICE GODA RAGHURAM
__________________________________ JUSTICE M.S.RAMACHANDRA RAO
Date:15-11-2012 kvr
1 issue framed by the court
Whether the Revenue appeal against the penalty order admits to merits consideration given the negligible tax implication.
2 provisions across 1 enactments
Revenue
Assessee
Goda Raghuram
M.S.RamaChandra Rao
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
