https://www.taxtmi.com/caselaws?id=204320 The High Court upheld the Tribunal's decision to delete the penalty under Section 271(1)(c) in both appeals. The Court agreed that the issue was debatable, and the Assessee's claim was made in good faith, not warranting the imposition of a penalty. As no substantial question of law arose, the appeals were dismissed. en-us Wed, 28 Jul 2010 00:00:00 +0530 Mon, 31 Oct 2011 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204320 The High Court upheld the Tribunal's decision to delete the penalty under Section 271(1)(c) in both appeals. The Court agreed that the issue was debatable, and the Assessee's claim was made in good faith, not warranting the imposition of a penalty. As no substantial question of law arose, the appeals were dismissed. Case-Laws Income Tax Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204320