Appeal Dismissed: Debatable Issue Allowed under Income Tax Act

The Gujarat HC dismissed the appeal, ruling that a debatable issue cannot be disallowed under Section 143(1) of the Income Tax Act, 1961. The Tribunal's decision was upheld, and no substantial question of law arose for determination.

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The Gujarat High Court dismissed an appeal stating that a debatable issue cannot be disallowed under Section 143(1) of the Income Tax Act, 1961. The Tribunal's decision was upheld as per the law laid down by the Court. No substantial question of law arose for determination in this case.

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