High Court of
Commissioner of Income-tax,
v.
Hi-Tech Flexotext (P.) Ltd.
MADAN B. LOKUR, AND DR. S.MURALIDHAR, JJ.
IT APPEAL NOS. 576 AND 611 OF 2006
September 20, 2007
Section 271(1)(c) of the Income-tax Act, 1961 - Penalty - For concealment of income - Assessment year 1990-91 - Whether, in view of decision dated 7-8-2007 of High Court in quantum appeal being IT Appeal No. 342 of 2007, impugned order of Tribunal deleting penalty under section 271(1)(c) was to be set aside and matter was to be remanded back to Tribunal for a fresh decision on merits - Held, yes [Matter remanded to Tribunal].