https://www.taxtmi.com/caselaws?id=376048 The Appellate Tribunal ITAT DELHI allowed the appeals of GE Energy Parts Inc., GE Wind Energy Gmbh, and GE Transportation Parts LLC, overturning penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that penalties for alleged non-disclosure of Permanent Establishments in India were unsustainable due to the debatable nature of the issue. Citing a High Court acknowledgment and precedent, the Tribunal ruled that penalties were not justifiable, leading to the deletion of penalties for different assessment years. The decision emphasized that penalties cannot stand when the existence of a Permanent Establishment is a matter of debate. en-us Mon, 25 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376048 The Appellate Tribunal ITAT DELHI allowed the appeals of GE Energy Parts Inc., GE Wind Energy Gmbh, and GE Transportation Parts LLC, overturning penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that penalties for alleged non-disclosure of Permanent Establishments in India were unsustainable due to the debatable nature of the issue. Citing a High Court acknowledgment and precedent, the Tribunal ruled that penalties were not justifiable, leading to the deletion of penalties for different assessment years. The decision emphasized that penalties cannot stand when the existence of a Permanent Establishment is a matter of debate. Case-Laws Income Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376048