2008 (9) TMI 945

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....DER 1. These appeals arise out of the common order of the Tribunal dated 6-7-2007 which relates to the assessment years 2000-01 and 2001-02. The issue which arises in these appeals pertains to the levy of penalty under section 271(1)(c) of the Income-tax Act, 1961 ('the said Act'). This issue arises in connection of the deduction claimed by the assessee under section 80HHD. 2. We have heard the ....

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.... Travels (P.) Ltd. [2007] 290 ITR 11 (Delhi). 3. With regard to the question of inclusion of the interest income in the business income for the purpose of computing deduction under section 80HHD, the Tribunal was of the view that the same was a debatable issue and that appeals in respect of this issue were pending before this Court. Considering this fact, the Tribunal returned a finding that the ....