In Ita/3/2023 Of Principal Commnr. Of Income Tax, Sambalpur v. M/S. Shark Mines And Minerals Pvt. Ltd, the High Court (2023) dismissed the appeal. The decision went in favour of the assessee.
Decision: In view of dismissal of the Revenue’s ITA No.1 of 2023 by the order dated 2[nd] March, 2023 which was on the quantum issue, the present appeal which relates to the penalty is also dismissed.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
I.T.A. No. 3 of 2023
….Appellant
Principal Commissioner of Income Tax, Sambalpur
Mr. Sidhartha Sankar MohapatraSenior Standing Counsel (IT)-versus- ….Respondent
M/s. Shark Mines and Minerals Pvt. Ltd.
None
CORAM: THE CHIEF JUSTICE JUSTICE G. SATAPATHY
ORDER 09.03.2023
Order No. 09.03.2023 01. In view of dismissal of the Revenue’s ITA No.1 of 2023 by the order dated 2[nd] March, 2023 which was on the quantum issue, the present appeal which relates to the penalty is also dismissed.
(Dr. S. Muralidhar)
Chief Justice
(G. Satapathy)
Judge S.K. Jena/Secy.
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