2018 (7) TMI 493 - SCH - Income Tax

Penalty u/s 271 (1)(c) - computing the revenue neutral income by the assessee as per provisions of Section 10(38) for the Long Term capital gain - carried forward as per Section 74 - bonafide belief - Held that - SLP dismissed.

Summary

The Supreme Court of India dismissed the special leave petition after condoning the delay. Pending applications were also disposed of. No representation from the respondent. (2018 (7) TMI 493 - SC Order)