https://www.taxtmi.com/caselaws?id=376243 The Tribunal upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act for the assessment year 2002-03. The penalty imposed on the assessee for disallowance of deduction u/s 80IA was deleted by the Ld. CIT (Appeals) due to the debatable nature of the issue, supported by the involvement of the High Court and previous favorable rulings for the assessee. The Tribunal dismissed the department's appeal, affirming the deletion of the penalty. en-us Thu, 28 Feb 2019 00:00:00 +0530 Tue, 05 Mar 2019 07:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376243 The Tribunal upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act for the assessment year 2002-03. The penalty imposed on the assessee for disallowance of deduction u/s 80IA was deleted by the Ld. CIT (Appeals) due to the debatable nature of the issue, supported by the involvement of the High Court and previous favorable rulings for the assessee. The Tribunal dismissed the department's appeal, affirming the deletion of the penalty. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376243