https://www.taxtmi.com/caselaws?id=273459 Penalty for concealment or furnishing inaccurate particulars was not exigible where the underlying additions had already given rise to substantial questions of law admitted by the High Court, because the issue was no longer free from doubt and had become debatable. The Tribunal upheld deletion of penalty under section 271(1)(c), applying the settled principle that penalty is not warranted when the dispute is subject to judicial consideration on a contested legal issue. en-us Fri, 23 Feb 2018 00:00:00 +0530 Wed, 27 Jun 2018 17:28:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273459 Penalty for concealment or furnishing inaccurate particulars was not exigible where the underlying additions had already given rise to substantial questions of law admitted by the High Court, because the issue was no longer free from doubt and had become debatable. The Tribunal upheld deletion of penalty under section 271(1)(c), applying the settled principle that penalty is not warranted when the dispute is subject to judicial consideration on a contested legal issue. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273459