https://www.taxtmi.com/caselaws?id=256156 The Tribunal allowed the appeal of the assessee, stating that the penalty under section 271(1)(c) cannot survive when the addition has become debatable. However, it clarified that if the Tribunal's order on quantum addition is upheld by the Hon'ble High Court, the Department is free to proceed in accordance with the law on penalty proceedings. en-us Thu, 01 Jan 2015 00:00:00 +0530 Tue, 19 May 2015 14:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256156 The Tribunal allowed the appeal of the assessee, stating that the penalty under section 271(1)(c) cannot survive when the addition has become debatable. However, it clarified that if the Tribunal's order on quantum addition is upheld by the Hon'ble High Court, the Department is free to proceed in accordance with the law on penalty proceedings. Case-Laws Income Tax Thu, 01 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256156