https://www.taxtmi.com/caselaws?id=270791 The Supreme Court dismissed the appeal regarding the assessment of penalty under Section 271-C of the Income Tax Act, 1961. The High Court of Delhi upheld the decision of the Income Tax Appellate Tribunal in favor of the assessee, emphasizing the absence of any substantial question of law. The Tribunal's decision was based on the requirement to prove contumacious conduct for penalty imposition, supported by legal precedents. The Supreme Court affirmed the lower authorities' assessment of facts and law, leading to the dismissal of the appeal without costs incurred. en-us Thu, 07 Jan 2016 00:00:00 +0530 Tue, 03 May 2016 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270791 The Supreme Court dismissed the appeal regarding the assessment of penalty under Section 271-C of the Income Tax Act, 1961. The High Court of Delhi upheld the decision of the Income Tax Appellate Tribunal in favor of the assessee, emphasizing the absence of any substantial question of law. The Tribunal's decision was based on the requirement to prove contumacious conduct for penalty imposition, supported by legal precedents. The Supreme Court affirmed the lower authorities' assessment of facts and law, leading to the dismissal of the appeal without costs incurred. Case-Laws Income Tax Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270791