https://www.taxtmi.com/caselaws?id=218381 The Appellate Tribunal ITAT, Ahmedabad confirmed the decision of the Commissioner of Income-tax(Appeals) and dismissed both appeals filed by the Revenue. The Tribunal upheld the deletion of penalties imposed on the assessee for claiming excess deduction u/s. 80HHC, as the issue was considered debatable, and the assessee had disclosed all material particulars, meeting statutory requirements. The Tribunal emphasized that penalties cannot be imposed in cases of debatable issues, citing relevant case laws from the Hon'ble Supreme Court and High Courts. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 03 Nov 2012 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218381 The Appellate Tribunal ITAT, Ahmedabad confirmed the decision of the Commissioner of Income-tax(Appeals) and dismissed both appeals filed by the Revenue. The Tribunal upheld the deletion of penalties imposed on the assessee for claiming excess deduction u/s. 80HHC, as the issue was considered debatable, and the assessee had disclosed all material particulars, meeting statutory requirements. The Tribunal emphasized that penalties cannot be imposed in cases of debatable issues, citing relevant case laws from the Hon'ble Supreme Court and High Courts. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218381