2001 (9) TMI 70 - HC - Income Tax

Summary

The High Court of Madhya Pradesh dismissed the Revenue's appeal under section 260A of the Income-tax Act, 1961 against the Income-tax Appellate Tribunal's order. The Tribunal found no merit in the appeal, stating that no substantial question of law was involved and the findings of fact were not challengeable. The Tribunal also noted that no penalty was leviable as the assessee had voluntarily surrendered income.