https://www.taxtmi.com/caselaws?id=189888 The penalty under section 271(1)(C) for Assessment Year (A.Y.) 03-04 was deleted, while for A.Y. 04-05, it was partly allowed due to the debatable nature of additions and accuracy of particulars furnished. The ITAT directed the AO to calculate the penalty amount for the confirmed deduction. en-us Fri, 14 Dec 2012 00:00:00 +0530 Tue, 24 Jan 2017 17:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189888 The penalty under section 271(1)(C) for Assessment Year (A.Y.) 03-04 was deleted, while for A.Y. 04-05, it was partly allowed due to the debatable nature of additions and accuracy of particulars furnished. The ITAT directed the AO to calculate the penalty amount for the confirmed deduction. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189888