| |
| The Tax Publishers2020 TaxPub(DT) 1017 (SC) : (2020) 270 TAXMAN 0093 INCOME TAX ACT, 1961
Section 261 Section 158BFA(2)
Where the Department preferred SLP to appeal against the judgment of Andhra Pradesh High Court in CIT v. Bagga Distilleries Hyderabad (P.) Ltd. [I.T.T.A. No. 712 of 2017, dt. 21-11-2017] : 2020 TaxPub(DT) 1019 (AP-HC), whereby the High Court held that Tribunal set aside penalty order by taking a view that addition of undisclosed income was on estimate basis, rather than on account of deliberate suppression of income by assessee and thus, Tribunal's finding was proper and sound, the Supreme Court dismissed the SLP on the ground of low tax effect.
|
Appeal (Supreme Court) - Special leave petition - Penalty under section 158BFA(2) - No deliberate supression by assessee and addition made on estimate basis
The department preferred SLP to appeal against the judgment of Andhra Pradesh High Court in CIT v. Bagga Distilleries Hyderabad (P.) Ltd. [I.T.T.A. No. 712 of 2017, dt. 21-11-2017] : 2020 TaxPub(DT) 1019 (AP-HC), whereby the High Court held that Tribunal set aside penalty order by taking a view that addition of undisclosed income was on estimate basis, rather than on account of deliberate suppression of income by assessee and thus Tribunal's finding was proper and sound. Held: The Supreme Court dismissed the SLP on the ground of low tax effect.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
 SUBSCRIBE FOR FULL CONTENT
|