https://www.taxtmi.com/caselaws?id=339766 The High Court upheld the Tribunal's decision to delete the penalty under section 271(1)(c) for Assessment year 2006-07. The Court considered the admission of an appeal in quantum proceedings as indicative of a debatable issue, justifying the penalty deletion. Relying on past judgments, the Court dismissed the Revenue's appeal, emphasizing that the proposed question did not raise any substantial legal issue. The appeal challenging the penalty deletion was thus rejected, with no costs awarded. en-us Fri, 17 Feb 2017 00:00:00 +0530 Tue, 07 Mar 2017 09:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339766 The High Court upheld the Tribunal's decision to delete the penalty under section 271(1)(c) for Assessment year 2006-07. The Court considered the admission of an appeal in quantum proceedings as indicative of a debatable issue, justifying the penalty deletion. Relying on past judgments, the Court dismissed the Revenue's appeal, emphasizing that the proposed question did not raise any substantial legal issue. The appeal challenging the penalty deletion was thus rejected, with no costs awarded. Case-Laws Income Tax Fri, 17 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339766