https://www.taxtmi.com/caselaws?id=395999 The Tribunal held that the penalty under Section 271(1)(c) of the IT Act was not sustainable due to the defective notice and the debatable nature of the disallowance under Section 43B. The order of the CIT(A) was set aside, and the Assessing Officer was directed to cancel the penalty. The appeal filed by the assessee was allowed. en-us Mon, 15 Jun 2020 00:00:00 +0530 Tue, 16 Jun 2020 20:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395999 The Tribunal held that the penalty under Section 271(1)(c) of the IT Act was not sustainable due to the defective notice and the debatable nature of the disallowance under Section 43B. The order of the CIT(A) was set aside, and the Assessing Officer was directed to cancel the penalty. The appeal filed by the assessee was allowed. Case-Laws Income Tax Mon, 15 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395999