https://www.taxtmi.com/caselaws?id=193477 The Tribunal upheld the decision to cancel the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the debatable nature of whether a success sharing bonus should be treated as a revenue or capital receipt. The Tribunal considered the admission of the case by the High Court and found no default in disclosing information, leading to the dismissal of the Revenue's appeal. en-us Wed, 30 Nov 2016 00:00:00 +0530 Tue, 01 Aug 2017 10:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193477 The Tribunal upheld the decision to cancel the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the debatable nature of whether a success sharing bonus should be treated as a revenue or capital receipt. The Tribunal considered the admission of the case by the High Court and found no default in disclosing information, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193477