"Petitioner Made A Totally Misleading Statement Before This Court", SC Imposes 10 Lakh Fine On IT Department [Read Order]

The Supreme Court on Monday imposed a fine of Rs. 10 Lakh on the Income Tax Department for its casual approach towards a matter.The order was passed by a Bench comprising Justice MB Lokur, Justice S. Abdul Nazeer and Justice Deepak Gupta on a petition filed by the Commissioner of Income Tax (CIT), Ghaziabad, against a judgment passed by the Allahabad High Court in August 2016.At the outset,...