https://www.taxtmi.com/caselaws?id=177733 The appellate tribunal upheld the cancellation of the penalty imposed under section 271(1)(c) for the withdrawal of the claim under section 80IB(10). The judgment emphasized the bonafide nature of the explanation for the withdrawal, the debatable nature of the issue, and the eligibility criteria for claiming the deduction under section 80IB(10) as key factors in determining the validity of the penalty imposition. en-us Mon, 07 May 2012 00:00:00 +0530 Mon, 19 Jun 2017 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177733 The appellate tribunal upheld the cancellation of the penalty imposed under section 271(1)(c) for the withdrawal of the claim under section 80IB(10). The judgment emphasized the bonafide nature of the explanation for the withdrawal, the debatable nature of the issue, and the eligibility criteria for claiming the deduction under section 80IB(10) as key factors in determining the validity of the penalty imposition. Case-Laws Income Tax Mon, 07 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177733