https://www.taxtmi.com/caselaws?id=193662 The High Court dismissed the Revenue's appeals challenging the imposition of penalties under Section 271(1)(C) of the Income Tax Act during the pendency of an appeal on deduction matters. The Tribunal's decision to cancel the penalty due to the debatable nature of the deduction issue and the bonafide intentions of the assessee was upheld. The Court found no substantial question of law necessitating further consideration and affirmed the dismissal of all appeals. en-us Wed, 11 Jan 2017 00:00:00 +0530 Sat, 09 Sep 2017 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193662 The High Court dismissed the Revenue's appeals challenging the imposition of penalties under Section 271(1)(C) of the Income Tax Act during the pendency of an appeal on deduction matters. The Tribunal's decision to cancel the penalty due to the debatable nature of the deduction issue and the bonafide intentions of the assessee was upheld. The Court found no substantial question of law necessitating further consideration and affirmed the dismissal of all appeals. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193662