2011 (6) TMI 816 - ITAT HYDERABAD - Income Tax

Extract:
.......enalty by the CIT(A) is justified. We place reliance on the judgement of the Hon'ble Supreme Court in the case of CIT Vs. Reliance Petro Products (P) Ltd. (322 ITR 158) (SC). Accordingly the ground raised by the revenue holds no merit. 8. In the result, the appeal of the Revenue stands dismissed. Order pronounced in the Open court on 17.6.2011.