Mere confirmation of disallowance by high court not sufficient to impose Penalty U/s. 271(1)(c)

HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.415 OF 2012 The Commissioner of Income Tax v/s M/s Nayan Builders and Developers Mr Abhay Ahuja for Appellant. Mr Sanjiv M. Shah for Respondent. CORAM : S.C. DHARMADHIKARI AND B.P. COLABAWALLA JJ. DATE : 8TH JULY 2014. P.C. :¬ Having heard Mr Ahuja, learned counsel appearing on behalf of the Appellant, we find that this Appeal cannot be entertained as it does not raise any substantial question of law. The imposition of penalty was found not to be justified and the Appeal was allowed. ...