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| The Tax Publishers2020 TaxPub(DT) 1684 (SC) : (2020) 270 TAXMAN 0006 INCOME TAX ACT, 1961
Section 261 Section 271(1)(c)
Where the department preferred SLP to appeal against the judgment of Gujarat High Court in Pr. CIT, Vadodara v. National Dairy Development Board [R/Tax Appeal No. 519 of 2018, dt. 12-6-2018] : 2020 TaxPub(DT) 1689 (Guj-HC), whereby the High Court held that the explanation offered by assessee for claiming deduction under section 36(1)(viii) was found to be reasonable, therefore, the Tribunal was justified in deleting penalty under section 271(1)(c), the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Penalty under section 271(1)(c) - Leviability--Wrong claim for deduction--Assessee provided reasonable explanation
Department preferred SLP to appeal against the judgment of Gujarat High Court in Pr. CIT, Vadodara v. National Dairy Development Board [R/Tax Appeal No. 519 of 2018, dt. 12-6-2018] : 2020 TaxPub(DT) 1689 (Guj-HC), whereby the High Court held that the explanation offered by assessee for claiming deduction under section 36(1)(viii) was found to be reasonable, therefore, the Tribunal was justified in deleting penalty under section 271(1)(c).Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
IN THE SUPREME COURT OF INDIA
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