https://www.taxtmi.com/caselaws?id=329088 The ITAT dismissed the department's appeal, upholding the cancellation of penalty under section 271(1)(c). The decision was based on the debatable nature of the issue and the substantial questions of law admitted by the Jurisdictional High Court, concluding that the penalty was not imposable in this case. en-us Fri, 29 Apr 2016 00:00:00 +0530 Wed, 22 Jun 2016 08:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329088 The ITAT dismissed the department's appeal, upholding the cancellation of penalty under section 271(1)(c). The decision was based on the debatable nature of the issue and the substantial questions of law admitted by the Jurisdictional High Court, concluding that the penalty was not imposable in this case. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329088