KOTAK MAHINDRA BANK LIMITED vs. COMMISSIONER OF INCOME TAX BANGALORE
The appeal is allowed
C.A. No.-009720-009720 - 2014Supreme Court25 Sept 2023
Bench: HON'BLE MRS. JUSTICE B.V. NAGARATHNA
Section 10(15)Section 148Section 245CSection 245C(1)Section 271Section 32Section 80M
245H(1) from the imposition of
penalty and prosecution under the income-tax Act
and relevant sections of IPC, relating to the matters
covered in the present order. Penalty u/s 271(1)(c)
was levied by the Assessing Officer for AY 1997-98 in
respect of non disclosure of lease rental as income.
The penalty order is annulled considering that
