https://www.taxtmi.com/caselaws?id=402283 The HC upheld the ITAT's decision to delete penalties under Section 271(1)(c) of the Income Tax Act, 1961, emphasizing that penalties are unjustifiable when the underlying assessment is legally disputed and debatable. The HC dismissed the appeals, affirming that no substantial question of law arose, thereby supporting the ITAT's judgment. en-us Tue, 22 Dec 2020 00:00:00 +0530 Mon, 04 Nov 2024 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402283 The HC upheld the ITAT's decision to delete penalties under Section 271(1)(c) of the Income Tax Act, 1961, emphasizing that penalties are unjustifiable when the underlying assessment is legally disputed and debatable. The HC dismissed the appeals, affirming that no substantial question of law arose, thereby supporting the ITAT's judgment. Case-Laws Income Tax Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402283