https://www.taxtmi.com/caselaws?id=385580 The Appellate Tribunal considered penalty appeals related to the Income Tax Act, disallowances under specific sections, and nature of payments under agreements. The Tribunal emphasized the debatable nature of the issues, leading to the deletion of penalties imposed on the assessee. The High Court admitted substantial questions of law, indicating a lack of clarity in the issues, ultimately resulting in the Tribunal overturning the penalties. en-us Fri, 06 Sep 2019 00:00:00 +0530 Mon, 09 Sep 2019 08:13:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385580 The Appellate Tribunal considered penalty appeals related to the Income Tax Act, disallowances under specific sections, and nature of payments under agreements. The Tribunal emphasized the debatable nature of the issues, leading to the deletion of penalties imposed on the assessee. The High Court admitted substantial questions of law, indicating a lack of clarity in the issues, ultimately resulting in the Tribunal overturning the penalties. Case-Laws Income Tax Fri, 06 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385580