https://www.taxtmi.com/caselaws?id=385777 The Appellate Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) on the disallowance of deduction under section 80IA and computation of book profit under section 115JB. The Tribunal found the issues debatable, with the assessee disclosing all relevant particulars, leading to a genuine difference of opinion. As a result, the revenue's appeal was dismissed, affirming the CIT(A)'s findings. en-us Fri, 12 Jul 2019 00:00:00 +0530 Fri, 13 Sep 2019 06:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385777 The Appellate Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) on the disallowance of deduction under section 80IA and computation of book profit under section 115JB. The Tribunal found the issues debatable, with the assessee disclosing all relevant particulars, leading to a genuine difference of opinion. As a result, the revenue's appeal was dismissed, affirming the CIT(A)'s findings. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385777