Mere non acceptance of assessee’s stand by AO wouldn’t permit revenue to levy penalty; SLP dismissed

INCOME TAX : Where during assessment proceedings assessee had made full representation why according to his belief, receipt on sale of leasehold right was not chargeable to tax and High Court upheld order of Tribunal setting aside penalty order, SLP filed was to be dismissed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192956/mere-non-acceptance-of-assessee’s-stand-by-ao-wouldn’t-permit-revenue-to-levy-penalty-slp-dismissed.aspx