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2016 (7) TMI 61 - BOMBAY HIGH COURTPenalty levied under Section 271 (1)(c) - difference between the amount paid in advance as the net present value of the actual sales tax liability and the actual liability - Held that:- the Tribunal was justified in deleting the penalty levied under Section 271 (1)(c) on the amount being the difference between the amount paid in advance as the net present value of the actual sales tax liability and the actual liability, based on the fact that the Tribunal had deleted the quantum - Question not to be entertained Penalty levied under Section 271(1)(c) - claim under Section 80M disallowed - Held that:- Tribunal was justified deleting the penalty levied under Section 271(1)(c) on the disallowed claim under Section 80M on the basis of the fact that this quantum disallowance was deleted by the Hon'ble Tribunal - No substantial question of law.
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