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1. Search Case laws by Section / Act / Rule β now available beyond Income Tax. GST and Other Laws Available


2. New: βIn Favour Ofβ filter added in Case Laws.
Try both these filters in Case Laws β
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<h1>Delhi High Court: Penalty under Income-tax Act not justified</h1> The High Court of Delhi ruled in a case involving penalty under section 271(1)(c) of the Income-tax Act, 1961. The penalty of Rs. 2,50,000 was found ... Penalty The High Court of Delhi ruled in a case involving penalty under section 271(1)(c) of the Income-tax Act, 1961. The penalty of Rs. 2,50,000 was levied but was found unjustified as certain amounts were not considered as the assessee's income. The court answered the questions in favor of the assessee, and the penalty case did not survive. The reference was answered accordingly, with no order as to costs.