Tribunal deleted the penalty relying upon its own decision in respect of sister concern of assessee. High Court affirmed the order of the Tribunal. (AY. 2008-09)
PCIT v. Synbiotics Ltd. (2019) 112 taxmann.com 399 / (2020) 269 Taxman 51 (Guj.)(HC) Editorial : SLP of revenue is dismissed; PCIT v. Synbiotics Ltd. (2020) 269 Taxman 50 (SC)
S. 271(1)(c) : Penalty-Concealment-Deletion of penalty on the basis of order of sister concern is held to be justified-No question of law. [S. 260A].