https://www.taxtmi.com/caselaws?id=249017 The High Court upheld the orders of the Commissioner of Income Tax (Appeals) and the Tribunal, dismissing the appeal against the deletion of the penalty under Section 271(1)(c) of the Income Tax Act for the relevant assessment year. The Court found the issues to be debatable, with no concealment or inaccurate particulars by the assessee, thus justifying the deletion of the penalty. The decision was in line with the precedent set in Commissioner of Income Tax vs. Reliance Petroproducts Pvt. Limited, leading to the confirmation of the penalty deletion. en-us Tue, 17 Jun 2014 00:00:00 +0530 Wed, 02 Jul 2014 12:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249017 The High Court upheld the orders of the Commissioner of Income Tax (Appeals) and the Tribunal, dismissing the appeal against the deletion of the penalty under Section 271(1)(c) of the Income Tax Act for the relevant assessment year. The Court found the issues to be debatable, with no concealment or inaccurate particulars by the assessee, thus justifying the deletion of the penalty. The decision was in line with the precedent set in Commissioner of Income Tax vs. Reliance Petroproducts Pvt. Limited, leading to the confirmation of the penalty deletion. Case-Laws Income Tax Tue, 17 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249017