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| The Tax Publishers2020 TaxPub(DT) 3301 (SC) : (2020) 269 TAXMAN 0573 INCOME TAX ACT, 1961
Section 261 Section 271(1)(c)
Where the department preferred SLP to appeal against the judgment of Calcutta High Court in Pr. CIT v. Basanti Properties (P) Ltd. [ITA No. 14 of 2019 & G.A. No. 3412 of 2018, dt. 26-2-2019] : 2020 TaxPub(DT) 3302 (Cal-HC), whereby the High Court held that Tribunal correctly deleted the penalty for the reason that no details of any charge were provided to assessee in notice, the Supreme Court dismissed the SLP on the ground of low tax effect.
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Appeal (Supreme Court) - Special leave petition - Penalty under section 271(1)(c) - Notice issued by AO without specifying grounds of penalty--Defective notice
Department preferred SLP to appeal against the judgment of Calcutta High Court in Pr. CIT v. Basanti Properties (P) Ltd. [ITA No. 14 of 2019 & G.A. No. 3412 of 2018, dt. 26-2-2019] : 2020 TaxPub(DT) 3302 (Cal-HC), whereby the High Court held that Tribunal correctly deleted the penalty for the reason that no details of any charge were provided to assessee in notice.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
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