https://www.taxtmi.com/caselaws?id=191585 The ITAT Pune upheld the deletion of penalties by CIT(A) for A.Y. 1999-00 and 2000-01, related to disallowance of deductions u/s 80-I and 80-IA for manufacturing Gutka and Pan Masala. The High Court is reviewing the matter, emphasizing that penalties are not automatic based on quantum addition and involve substantial questions of law. The revenue's appeals were dismissed, and penalties were deemed inapplicable under section 271(1)(c) of the Act. en-us Tue, 30 Aug 2011 00:00:00 +0530 Fri, 07 Apr 2017 18:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191585 The ITAT Pune upheld the deletion of penalties by CIT(A) for A.Y. 1999-00 and 2000-01, related to disallowance of deductions u/s 80-I and 80-IA for manufacturing Gutka and Pan Masala. The High Court is reviewing the matter, emphasizing that penalties are not automatic based on quantum addition and involve substantial questions of law. The revenue's appeals were dismissed, and penalties were deemed inapplicable under section 271(1)(c) of the Act. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191585