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| The Tax Publishers2019 TaxPub(DT) 1435 (SC) : (2019) 262 TAXMAN 0305 INCOME TAX ACT, 1961
Section 261 Section 271(1)(c)
Where the department preferred SLP to appeal against the judgment of Karnataka High Court in Pr. CIT v. Deccan Mining Sundicate (P) Ltd. [ITA No. 501/2017, dt. 21-6-2018] : 2018 TaxPub(DT) 4052 (Karn-HC), whereby the High Court held that penalty imposed under section 271(1)(c) was not justified because, the addition was made on a mere debatable point of law and could not be construed as concealment of income on assessee's part, the Supreme Court condoned delay and dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Penalty under section 271(1)(c) - Deduction under section 10B claimed excessively
Department preferred SLP to appeal against the judgment of Karnataka High Court in Pr. CIT v. Deccan Mining Sundicate (P) Ltd. [ITA No. 501/2017, dt. 21-6-2018] : 2018 TaxPub(DT) 4052 (Karn-HC), whereby the High Court held that penalty imposed under section 271(1)(c) was not justified because, the addition was made on a mere debatable point of law and could not be construed as concealment of income on assessee's part.Held: The Supreme Court condoned delay and dismissed the SLP.
Affirmed:Pr. CIT v. Deccan Mining Syndicate (P) Ltd. [ITA No. 501/2017, dt. 21-6-2018] : 2018 TaxPub(DT) 4052 (Karn-HC).
REFERRED :
FAVOUR : SLP dismissed.
A.Y. :
INCOME TAX ACT, 1961
Section 261 Section 271(1)(c)
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