2017 (3) TMI 1714

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....pondent : None ORDER The present appeal under Section 260-A of the Income Tax Act, 1961 arises out of an order passed by Income Tax Appellate Tribunal, Indore Bench, Indore (for short â  the Tribunal â) on 20.8.2015, whereby an order of Commissioner of Income Tax (Appeals) â II, Bhopal dated 13.2.2014, for the assessment years 2006-07 and 2007-08 was not interfered wit....

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....mmissioner of Income Tax (Appeals), wherein it was held in as under:- 4.10 In the instant case also, there is no finding on record that any details supplied by the appellant in its returns of income for these years are found to be incorrect or false and therefore, there is no question of levying penalty u/s 271(1)(c). A mere making of a claim u/s 80IB(10) which was not allowed by the asse....

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....ncome Tax Vs. Zoom Communication (P) Limited], to contend that if the issue is not debatable then the assessee is liable for penalty. We have heard learned Counsel for the appellant and find that no question of law arises for consideration in the present appeals. In the present case, the Assessing Officer found that the assessee has produced an â invalid project approval certificate&ac....