https://www.taxtmi.com/caselaws?id=378671 The Tribunal ruled that the penalties imposed under Section 271(1)(c) of the Income Tax Act were unjustified due to the debatable nature of the issues, framing of substantial questions of law by the High Court, and lack of specific charges in the penalty notices. Consequently, the penalties were deleted, and stay applications were dismissed as infructuous. The decision was pronounced on 12.04.2019. en-us Fri, 12 Apr 2019 00:00:00 +0530 Thu, 18 Apr 2019 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378671 The Tribunal ruled that the penalties imposed under Section 271(1)(c) of the Income Tax Act were unjustified due to the debatable nature of the issues, framing of substantial questions of law by the High Court, and lack of specific charges in the penalty notices. Consequently, the penalties were deleted, and stay applications were dismissed as infructuous. The decision was pronounced on 12.04.2019. Case-Laws Income Tax Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378671