https://www.taxtmi.com/caselaws?id=76017 The High Court of Delhi dismissed the appeal challenging the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs 4,61,913 for allegedly furnishing inaccurate particulars of income. The court upheld the decision of the Commissioner of Income Tax and the Income Tax Appellate Tribunal to delete the penalty, ruling that the imposition was unwarranted due to the debatable nature of the claim under Section 80HHD. The court found no flaws in the Tribunal's reasoning and affirmed the deletion of the penalty in this case. en-us Tue, 18 May 2010 00:00:00 +0530 Tue, 01 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76017 The High Court of Delhi dismissed the appeal challenging the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs 4,61,913 for allegedly furnishing inaccurate particulars of income. The court upheld the decision of the Commissioner of Income Tax and the Income Tax Appellate Tribunal to delete the penalty, ruling that the imposition was unwarranted due to the debatable nature of the claim under Section 80HHD. The court found no flaws in the Tribunal's reasoning and affirmed the deletion of the penalty in this case. Case-Laws Income Tax Tue, 18 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76017