https://www.taxtmi.com/caselaws?id=341089 The High Court upheld the ITAT's decision to delete the penalty imposed on the assessee, citing uncertainty in legal interpretation and the assessee's compliance with tax obligations. The Court found no substantial question of law, dismissing the appeal and emphasizing the benefit of doubt in favor of the assessee due to the unsettled legal position. The penalty under Section 271(1)(c) was deemed unwarranted, considering the circumstances and relief granted by the CIT (A) regarding the disallowance under Section 37(1). en-us Mon, 16 Jan 2017 00:00:00 +0530 Sat, 01 Apr 2017 09:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341089 The High Court upheld the ITAT's decision to delete the penalty imposed on the assessee, citing uncertainty in legal interpretation and the assessee's compliance with tax obligations. The Court found no substantial question of law, dismissing the appeal and emphasizing the benefit of doubt in favor of the assessee due to the unsettled legal position. The penalty under Section 271(1)(c) was deemed unwarranted, considering the circumstances and relief granted by the CIT (A) regarding the disallowance under Section 37(1). Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341089