The Commissioner Of Income Tax - 18, Mumbai v. Prabhakar K. Kunte
High Court
24 Jun 2011 In favour of: Assessee
Forum / Bench
High Court · newos
Parties
The Commissioner Of Income Tax - 18, Mumbai v. Prabhakar K. Kunte
Date of order
24 Jun 2011
Assessment year(s)
—
Outcome
Dismissed
The order — as passed by the High Court
Case summary
In The Commissioner Of Income Tax - 18, Mumbai v. Prabhakar K. Kunte, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Issue: P.C. : 1.Whether the Income Tax Appellate Tribunal was justified in deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 is the question raised in this appeal.
Decision: Accordingly, the appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
Sections referenced in this judgment
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.2478 OF 2010
The Commissioner of Income Tax - 18, Mumbai..Appellant.
Versus
Prabhakar K. Kunte..Respondent.
Mr.A.S. Shivsharan for the appellant.Ms.Aarti Sathe for the respondent.
CORAM : J.P. Devadhar &
Smt.R.P. Sondurbaldota, JJ.
DATE : 24[th] June, 2011.
P.C. :
1.Whether the Income Tax Appellate Tribunal was justified in deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 is the question raised in this appeal.
2.Admittedly, the quantum additions made by the assessing officer have been deleted by the Income Tax Appellate Tribunal and the appeal filed by the Revenue against the order of the Tribunal, has been dismissed by this Court. In this view of the matter, no fault can be found with the order of the Tribunal in deleting the penalty levied under Section 271(1)(c) of the Income-tax Act, 1961. Accordingly, the appeal is dismissed with no order as to costs.
(Smt.R.P. Sondurbaldota, J.)
(J.P. Devadhar, J.)
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