https://www.taxtmi.com/caselaws?id=353253 The case involved an appeal by the revenue against the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act for various issues including entertainment subsidy, ESOP schemes, and disallowance under section 14A. The ITAT upheld the deletion of penalties based on the debatable nature of the issues, lack of concealment, and the assessee's cooperation during assessment. The decision to delete penalties was affirmed, and the appeal by the revenue was dismissed. en-us Wed, 01 Nov 2017 00:00:00 +0530 Sat, 30 Dec 2017 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353253 The case involved an appeal by the revenue against the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act for various issues including entertainment subsidy, ESOP schemes, and disallowance under section 14A. The ITAT upheld the deletion of penalties based on the debatable nature of the issues, lack of concealment, and the assessee's cooperation during assessment. The decision to delete penalties was affirmed, and the appeal by the revenue was dismissed. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353253