C.I.T.,Ahmedabad vs Reliance Petroproducts Pvt.Ltd on 17 March, 2010
4.2 Learned Senior Counsel Mr.Soparkar appearing
for the appellant has contended that the claim which
has been made was specifically mentioned that this
will be subject to the riders which is pending before
the Tribunal. He has contended that in view of
decision in case of Commissioner of Incometax,
Ahmedabad v. Reliance Petroproducts (P) Ltd., [2010]
189 Taxman 322 (SC) whereby the issue of penalty
imposed under Section 271(1)(c) of the Act was
considered for concealment of income and held in
favour of the assessee.