SC Dismisses Appeal on Deleted Income Tax Penalty, Citing Precedent; Final Order Issued, Applications Closed.

The SC dismissed the appeal as infructuous since the penalty under Section 271(1)(c) of the Income Tax Act, 1961, was deleted, rendering the order final. The decision followed a precedent set in a prior case involving the Union of India and Ms. Madhushree Gupta. All pending applications were also disposed of.

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The Supreme Court dismissed the appeal as infructuous because the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 was deleted and the order became final. The decision was made following the precedent set in a previous case involving Union of India and Ms. Madhushree Gupta on September 14, 2023. Any pending applications were also disposed of.

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