https://www.taxtmi.com/caselaws?id=181043 The High Court accepted a substantial question of law regarding the genuineness of parties and transactions, shifting the burden of proof to the Department. The Tribunal confirmed the addition made for the sale of scrap but canceled the penalty for the cash credit addition. The Tribunal emphasized that when a substantial question of law is accepted, the issue becomes debatable, and no penalty can be imposed. The decision aligned with previous judgments, stating that a substantial question of law must be debatable. The Tribunal allowed the appeal in part, canceling the penalty for cash credit but confirming it for the sale of scrap. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 06 Apr 2016 12:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181043 The High Court accepted a substantial question of law regarding the genuineness of parties and transactions, shifting the burden of proof to the Department. The Tribunal confirmed the addition made for the sale of scrap but canceled the penalty for the cash credit addition. The Tribunal emphasized that when a substantial question of law is accepted, the issue becomes debatable, and no penalty can be imposed. The decision aligned with previous judgments, stating that a substantial question of law must be debatable. The Tribunal allowed the appeal in part, canceling the penalty for cash credit but confirming it for the sale of scrap. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181043