https://www.taxtmi.com/caselaws?id=376113 The penalties of &8377; 17,32,920/- and &8377; 26,35,620/- imposed under Section 271(1)(c) of the Income Tax Act for Assessment Years 2002-03 and 2008-09 were deleted by the Tribunal. The High Court's acknowledgment of the debatable nature of the permanent establishment issue led to the finding that the penalties were not sustainable. The appeals filed by the assessee, M/s. GE Engine Services Malaysia SDN BHD and M/s. GE Engine Services LLC, were allowed. en-us Wed, 27 Feb 2019 00:00:00 +0530 Fri, 01 Mar 2019 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376113 The penalties of &8377; 17,32,920/- and &8377; 26,35,620/- imposed under Section 271(1)(c) of the Income Tax Act for Assessment Years 2002-03 and 2008-09 were deleted by the Tribunal. The High Court's acknowledgment of the debatable nature of the permanent establishment issue led to the finding that the penalties were not sustainable. The appeals filed by the assessee, M/s. GE Engine Services Malaysia SDN BHD and M/s. GE Engine Services LLC, were allowed. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376113