1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.301 OF 2008 The Commissioner of Income Tax Central II. ...Appellant vs. M/s.Tips Films Pvt.Ltd. ...Respondent. --- Ms.Anamika Malhotra, for appellant. Mr.V.S.Hadade, for Respondent. CORAM: D.K.DESHMUKH & J.P.DEVADHAR, JJ. DATED: 8th August, 2008. P.C.:- 1. Heard the learned Counsel appearing for appellant. The reason disclosed is that the income arising out of both the agreements has been assessed to tax. The tribunal has held that, therefore, there 2 was no culpable intention or suppression of information, and therefore, penalty should not have been imposed. No question of law arises. Appeal is therefore, rejected. (D.K.DESHMUKH, J.) (J.P.DEVADHAR, J.)