Supreme Court · 2008 INSC 974 · Decided 25 August 2008
M/S. Toyota Motor Corporation v. COMMNR. of Income Tax
- Court
- Supreme Court of India
- Citation
- 2008 INSC 974 · [2008] 12 S.C.R. 943
- Case number
- CIVIL APPEAL No. 5313/2008
- Decided
- 25 August 2008
- Bench
- ARIJIT PASAYAT, MUKUNDAKAM SHARMA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 263, 274
Headnote
. Income Tax Act, 1961 - s. 263 - Proceedings under - Disposed of by Assessing Officer dropping the penalty c proceedings - Tribunal holding that initiation of the proceedings were impermissible in the background of the materials placed by the assessee - High Court remanding the matter to pass a reasoned order - On appeal, held: Appeal does not warrant interference at this stage D - Assessing Officer is required to take into account all the relevant aspects and materials and pass reasoned order. -;. CIVILAPPELLATEJURISDICTION: CivilAppeal No. 5313 of 2008 From the final
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