https://www.taxtmi.com/caselaws?id=170762 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The decision was based on the debatable nature of the additions upheld by the Tribunal and the admission of substantial questions of law by the High Court, indicating that the penalties were not warranted in this case. en-us Tue, 27 Aug 2013 00:00:00 +0530 Wed, 01 Apr 2015 16:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170762 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The decision was based on the debatable nature of the additions upheld by the Tribunal and the admission of substantial questions of law by the High Court, indicating that the penalties were not warranted in this case. Case-Laws Income Tax Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170762