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2014 (7) TMI 54 - HC - Income TaxDeletion of penalty u/s 271(1)(c) of the Act – Additions made by AO – Held that:- The assessee has succeeded up to Tribunal, against which the Tax Appeals are admitted - the issues were/ are debatable issue - both the authorities have rightly observed that the assessee had neither concealed the income nor furnished inaccurate particulars of income before the AO for which provision u/s 271(1)(c) was required to be invoked - there was neither concealment of income nor any inaccurate particulars were furnished by the assessee and even otherwise the issues with respect to the addition or disallowances are debatable – Relying upon Commissioner of Income Tax vs. Reliance Petroproducts Pvt. Limited – [2010 (3) TMI 80 - SUPREME COURT] - the orders passed by the Tribunal confirming the order passed by the CIT(A) in deleting the penalty imposed by the AO u/s 271(1)(c) of the Act is not required to be interfered with – Decided against Revenue.
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