https://www.taxtmi.com/caselaws?id=273680 The Court dismissed the Revenue's appeal challenging the deletion of penalty under Section 260A of the Income Tax Act. The Court found no substantial question of law justifying interference as the primary disallowance issue was debatable, and the assessee succeeded in the appeal to the ITAT. The CIT(A) and ITAT's decision to delete the penalty was deemed reasonable based on the debatable nature of the issue, leading to the dismissal of the appeal. en-us Tue, 10 Jan 2017 00:00:00 +0530 Tue, 10 Jul 2018 05:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273680 The Court dismissed the Revenue's appeal challenging the deletion of penalty under Section 260A of the Income Tax Act. The Court found no substantial question of law justifying interference as the primary disallowance issue was debatable, and the assessee succeeded in the appeal to the ITAT. The CIT(A) and ITAT's decision to delete the penalty was deemed reasonable based on the debatable nature of the issue, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273680