Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordinately and inexplicably delay in initiation of penalty proceedings.

The Delhi Transport Corporation's liabilities rose from Rs 28,263 crore in 2015-16 to Rs 65,274 crore in 2021-22, as it incurred operational losses of more than Rs 14,000 crore during the same ...