https://www.taxtmi.com/caselaws?id=466512 Penalty for concealment or inaccurate particulars was contested where additions arose from late deposit of employee provident fund and social security contributions. Tribunal found that at the relevant year the law was unsettled with contrary decisions favouring taxpayers and no adverse High Court precedent; therefore the question was a debatable issue. Because the position was arguable and not uniformly adverse, the Tribunal held penalty could not be sustained and allowed the appeal, concluding the appellant did not incur penalty liability on the facts and legal uncertainty. en-us Thu, 27 Feb 2025 00:00:00 +0530 Tue, 10 Feb 2026 19:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466512 Penalty for concealment or inaccurate particulars was contested where additions arose from late deposit of employee provident fund and social security contributions. Tribunal found that at the relevant year the law was unsettled with contrary decisions favouring taxpayers and no adverse High Court precedent; therefore the question was a debatable issue. Because the position was arguable and not uniformly adverse, the Tribunal held penalty could not be sustained and allowed the appeal, concluding the appellant did not incur penalty liability on the facts and legal uncertainty. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466512