https://www.taxtmi.com/caselaws?id=292938 The appeal was against the deletion of penalty u/s 271(1)(c) for denial of deduction u/s 80P(2)(d) of the Income Tax Act. The High Court upheld the deletion of penalty amounting to Rs. 12,03,242 by the Ld. Commissioner of Income Tax(A) as the issue of denial of deduction was considered debatable. The Tribunal's initial allowance of the deduction, later confirmed by the High Court, indicated the debatable nature of the claim, leading to the dismissal of the revenue's appeal and confirmation of penalty deletion. en-us Tue, 18 Dec 2012 00:00:00 +0530 Thu, 14 Jan 2021 13:50:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292938 The appeal was against the deletion of penalty u/s 271(1)(c) for denial of deduction u/s 80P(2)(d) of the Income Tax Act. The High Court upheld the deletion of penalty amounting to Rs. 12,03,242 by the Ld. Commissioner of Income Tax(A) as the issue of denial of deduction was considered debatable. The Tribunal's initial allowance of the deduction, later confirmed by the High Court, indicated the debatable nature of the claim, leading to the dismissal of the revenue's appeal and confirmation of penalty deletion. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292938