https://www.taxtmi.com/caselaws?id=448155 All three appeals filed by the assessee, a co-operative society, were allowed by the Tribunal. In ITA No. 889/Ahd/2023 and ITA No. 890/Ahd/2023, penalties imposed under section 271(1)(c) for alleged inaccurate particulars of income were found to be based on debatable issues, leading to the appeals being allowed. In ITA No. 891/Ahd/2023, a penalty under section 270A for underreporting of income was also overturned, as the Tribunal deemed the deduction claimed under section 80P to be debatable, thus not constituting misreporting. en-us Wed, 10 Jan 2024 00:00:00 +0530 Fri, 12 Jan 2024 08:41:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448155 All three appeals filed by the assessee, a co-operative society, were allowed by the Tribunal. In ITA No. 889/Ahd/2023 and ITA No. 890/Ahd/2023, penalties imposed under section 271(1)(c) for alleged inaccurate particulars of income were found to be based on debatable issues, leading to the appeals being allowed. In ITA No. 891/Ahd/2023, a penalty under section 270A for underreporting of income was also overturned, as the Tribunal deemed the deduction claimed under section 80P to be debatable, thus not constituting misreporting. Case-Laws Income Tax Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448155