https://www.taxtmi.com/caselaws?id=372988 The High Court dismissed the appeal against the order under Section 206-A of the Income Tax Act, 1961, and the deletion of penalty under Section 158-BFA(2) of the Income-Tax Act. The Court upheld the decision to delete the penalty imposed on the Assessee, as the Commissioner and Tribunal found in favor of the Assessee based on disclosed income without concrete evidence from the Department. The Court concluded that there was no substantial question of law to consider, as the factual position favored the Assessee, resulting in the dismissal of the appeal without costs awarded. en-us Tue, 09 Oct 2018 00:00:00 +0530 Fri, 04 Jan 2019 06:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372988 The High Court dismissed the appeal against the order under Section 206-A of the Income Tax Act, 1961, and the deletion of penalty under Section 158-BFA(2) of the Income-Tax Act. The Court upheld the decision to delete the penalty imposed on the Assessee, as the Commissioner and Tribunal found in favor of the Assessee based on disclosed income without concrete evidence from the Department. The Court concluded that there was no substantial question of law to consider, as the factual position favored the Assessee, resulting in the dismissal of the appeal without costs awarded. Case-Laws Income Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372988