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
reassessment of income for the aforesaid
assessment years. The Assessing Officer also passed a penalty order
dated 14.06.2000 levying a penalty under Section 271 (1)(c) of the Act
after being satisfied that the appellant had concealed its income as
regards lease rental.
2.3. While various proceedings, such as an appeal before the CIT (A)
for the assessment year