https://www.taxtmi.com/caselaws?id=208801 The ITAT upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) of the Income Tax Act. The ITAT emphasized that penalties are not applicable in cases of debatable claims unless there is evidence of concealment or furnishing inaccurate particulars. The ITAT found that the disputed issues, including software expenses, provision for cash award, depreciation on technical knowhow, and excess deduction under section 80HHC, were genuine and did not meet the criteria for penalties. Therefore, the revenue's appeal was dismissed, and the CIT(A)'s order was upheld. en-us Wed, 24 Feb 2010 00:00:00 +0530 Tue, 17 Jan 2012 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208801 The ITAT upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) of the Income Tax Act. The ITAT emphasized that penalties are not applicable in cases of debatable claims unless there is evidence of concealment or furnishing inaccurate particulars. The ITAT found that the disputed issues, including software expenses, provision for cash award, depreciation on technical knowhow, and excess deduction under section 80HHC, were genuine and did not meet the criteria for penalties. Therefore, the revenue's appeal was dismissed, and the CIT(A)'s order was upheld. Case-Laws Income Tax Wed, 24 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208801