Dismissing the appeal of the revenue the Court held that ; it was not a case where a totally unsustainable and fictitious claim was put forth . Accordingly the deletion of penalty is held to be justified.
CIT (E) v. Ahmedabad Urban Development Authority (2019)103 taxmann.com. 81 (Guj.)(HC) Editorial: SLP of revenue is dismissed, CIT (E) v. Ahmedabad Urban Development Authority (2019) 261 Taxman 552 (SC)
S. 271(1)(c) : Penalty–Concealment–Quantum deleted–SLP is pending–Deletion of penalty is held to be valid. [S.11, 12AA]