https://www.taxtmi.com/caselaws?id=383974 The High Court of Gujarat dismissed the Tax Appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal for Assessment Year 2013-14, which had deleted a penalty of Rs. 2,28,95,820 levied under Section 271(1)(c) of the Income Tax Act. The Court upheld the Tribunal's decision to delete the penalty and did not provide detailed reasoning, simply stating that the appeal fails and is dismissed. The judgment did not address the specific questions of law raised by the Revenue regarding the interpretation of the penalty provisions in the context of concealment detected during survey proceedings. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 03 Aug 2019 09:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383974 The High Court of Gujarat dismissed the Tax Appeal filed by the Revenue against the order of the Income Tax Appellate Tribunal for Assessment Year 2013-14, which had deleted a penalty of Rs. 2,28,95,820 levied under Section 271(1)(c) of the Income Tax Act. The Court upheld the Tribunal's decision to delete the penalty and did not provide detailed reasoning, simply stating that the appeal fails and is dismissed. The judgment did not address the specific questions of law raised by the Revenue regarding the interpretation of the penalty provisions in the context of concealment detected during survey proceedings. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383974