2001 (8) TMI 50 - HC - Income Tax

Summary

This judgment from the High Court of Delhi states that a question was referred under the Income-tax Act and the Companies (Profits) Surtax Act regarding the imposition of penalties. The court referred to a previous case and ruled in favor of the assessee, stating that no penalty is attracted under the Companies (Profits) Surtax Act if a return was filed under one of the specified sub-sections.