https://www.taxtmi.com/caselaws?id=235093 The Tribunal upheld the deletion of penalties by the Commissioner (Appeals) for the assessment years in question, citing the debatable nature of the claim for deduction under section 80IA. The Tribunal emphasized that penalties should not be imposed on debatable issues, in line with legal precedents. Consequently, the Tribunal dismissed the Revenue's appeals challenging the penalty orders and upheld the deletion of penalties for all the assessment years involved. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 16 May 2013 09:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235093 The Tribunal upheld the deletion of penalties by the Commissioner (Appeals) for the assessment years in question, citing the debatable nature of the claim for deduction under section 80IA. The Tribunal emphasized that penalties should not be imposed on debatable issues, in line with legal precedents. Consequently, the Tribunal dismissed the Revenue's appeals challenging the penalty orders and upheld the deletion of penalties for all the assessment years involved. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235093