In The Commissioner Of Income Tax-I v. Chhatrapati Nashik Jhila Nagri Sahakari Pat Sanstha Ltd, the High Court (2011) dismissed the appeal. The decision went in favour of the assessee.
Issue: 1.Whether the ITAT was justified in deleting the penalty levied under section 271E of the Income Tax Act, 1961 is the question raised in this appeal.
Decision: 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.
IN THE HIGH COURT OF JDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL (L) NO. 58 OF 2011
The Commissioner of Income Tax-IVs.Chhatrapati Nashik Jhila NagriSahakari Pat Sanstha Ltd.
...Appellant.
..Respondent.
Mr.Vimal Gupta for the Appellant.
Mr. Mihir Naniwadekar for the Respondent.
CORAM : J.P. DEVADHAR AND A.A. SAYED, JJ.
DATE : 8TH JULY, 2011.
P.C.
1.Whether the ITAT was justified in deleting the penalty levied under section 271E of the Income Tax Act, 1961 is the question raised in this appeal.
2.The Tribunal in para 4 of its order has elaborately considered the facts and has held that in the facts of the present case, it is not a fit case for imposition of penalty under section 271E of the Income Tax Act 1961. The
decision of the Tribunal is based on facts.
3.We see no reason to interfere in this appeal. The appeal is dismissed with no order as to costs.
( A.A. SAYED, J. )
( J.P. DEVADHAR , J.)
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