Delhi High Court Rules on Section 271(1)(c) Penalty: Recognizes Substantial Question of Law, Making Penalty Debatable.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271(1)(c) - income accrued in India - in appeal in quantum proceedings has admitted by Honourable Delhi High court in the case of the assessee as substantial question of law - the issue becomes debatable - penalty cannot be levied....