Punjab State Power Corporation Ltd. v. Commissioner of Income Tax, Patiala & another
[Citation -2015-LL-0422-6]
Citation | 2015-LL-0422-6 |
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Appellant Name | Punjab State Power Corporation Ltd. |
Respondent Name | Commissioner of Income Tax, Patiala & another |
Court | HIGH COURT OF PUNJAB & HARYANA |
Relevant Act | Income-tax |
Date of Order | 22/04/2015 |
Judgment | View Judgment |
Keyword Tags | ignorance of law |
Bot Summary: | Ms. Savita Saxena, Advocate, for the respondents. S.J. VAZIFDAR, ACTING CHIEF JUSTICE: It is agreed that the present appeal is covered by the decision of the Division Bench of this Court dated 20.03.2015 in the case of Punjab State Power Corporation Ltd. vs. Commissioner of Income Tax, Patiala, ITA No. 155 of 2014. The present appeal is admitted on the following substantial questions of law:- i) Whether in facts and circumstances of the case the Income Tax Appellate Tribunal was correct in law in holding that the claim of deduction on account of payment of fringe benefit tax was not a bonafide claim ii) Whether in facts and circumstances of the case the Income Tax Appellate Tribunal was correct in law in holding that an erroneous claim made in ignorance of law would attract explanation 1 to Section 271(1)( c) of the Income Tax Act. In view of the abovesaid judgment of the Division Bench, the questions are answered in favour of the assessee. ACTING CHIEF JUSTICE 22.04.2015 shivani JUDGE SHIVANI GUPTA 2015.04.23 14:43 I attest to the accuracy and integrity of this document Chandigarh. |