https://www.taxtmi.com/caselaws?id=151302 The Tribunal upheld the Commissioner's decision to delete penalties under section 271(1)(c) of the Income-tax Act. The issues raised by the Revenue were either decided in favor of the assessee or deemed debatable, with the assessee's claims considered bona fide based on existing law and Tribunal decisions. Consequently, the Tribunal dismissed the Revenue's appeal, concluding that no penalty under section 271(1)(c) was warranted. en-us Fri, 05 Feb 2010 00:00:00 +0530 Mon, 03 Jun 2013 17:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151302 The Tribunal upheld the Commissioner's decision to delete penalties under section 271(1)(c) of the Income-tax Act. The issues raised by the Revenue were either decided in favor of the assessee or deemed debatable, with the assessee's claims considered bona fide based on existing law and Tribunal decisions. Consequently, the Tribunal dismissed the Revenue's appeal, concluding that no penalty under section 271(1)(c) was warranted. Case-Laws Income Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151302