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of <h1>Supreme Court Dismisses Petition, Upholds High Court Decision; All Pending Applications Resolved.</h1> <h3>THE COMMISSIONER OF INCOME TAX, ALWAR Versus GILLETTE INDIA LTD.</h3> The SC dismissed the special leave petition, upholding the HC's judgment and order. All pending applications were disposed of. - THE COMMISSIONER OF ... Penalty u/s 271(1)(c) - income is computed u/s 115JB by not considering the provisions of Sections 115JB(5) - As decided by HC [2017 (5) TMI 1606 - RAJASTHAN HIGH COURT] penalty cannot not be imposed on the assessee since, the original appeal was decided in favour of the assessee - HELD THAT:- We are not inclined to interfere with the judgment(s) and order(s) passed by the High Court. The special leave petition is dismissed. The Supreme Court dismissed the special leave petition and declined to interfere with the judgment and order passed by the High Court. Any pending application was disposed of.
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