https://www.taxtmi.com/caselaws?id=179459 The Tribunal allowed the assessee's appeal against the imposition of penalty under Section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2004-05. The High Court accepted the substantial questions of law raised, indicating the debatable nature of the issues regarding purchases and job work. Due to the debatable nature and admission of the appeal by the High Court, the Tribunal ruled that the penalty was not justified and directed the Assessing Officer to cancel it. The assessee's appeal was allowed on 12th February 2013. en-us Tue, 12 Feb 2013 00:00:00 +0530 Fri, 02 Jun 2017 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179459 The Tribunal allowed the assessee's appeal against the imposition of penalty under Section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2004-05. The High Court accepted the substantial questions of law raised, indicating the debatable nature of the issues regarding purchases and job work. Due to the debatable nature and admission of the appeal by the High Court, the Tribunal ruled that the penalty was not justified and directed the Assessing Officer to cancel it. The assessee's appeal was allowed on 12th February 2013. Case-Laws Income Tax Tue, 12 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179459