High Court upholds Tribunal decision on penalty appeal under Income Tax Act 1961 The High Court of Madhya Pradesh dismissed the department's application under section 256(2) of the Income Tax Act, 1961. The Tribunal's decision to set ...
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
High Court upholds Tribunal decision on penalty appeal under Income Tax Act 1961
The High Court of Madhya Pradesh dismissed the department's application under section 256(2) of the Income Tax Act, 1961. The Tribunal's decision to set aside the penalty imposed on the assessee was upheld for the assessment year 1963-64. The Court determined that the Tribunal was not obligated to delay the penalty appeal to hear it concurrently with the department's appeal on the assessment order. The application was rejected without costs being awarded.
The High Court of Madhya Pradesh dismissed an application under section 256(2) of the Income Tax Act, 1961, by the department. The Tribunal had set aside a penalty of one lakh rupees imposed on the assessee for the assessment year 1963-64. The Tribunal was not required to adjourn the penalty appeal and hear it along with the department's appeal against the order setting aside the assessment. The application was dismissed without any order as to costs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
