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2018 (1) TMI 1384 - HC - Income TaxPenalty u/s 271(1)(c) - payment made under the VRS scheme could have been deducted only to the extent of 20% under Section 35DDA - Held that:- This Court notices that ITAT in its impugned order has relied upon a decision of this Court in ‘Commissioner of Income Tax Vs. Dalmia (Pvt.) Ltd.’[2009 (7) TMI 74 - DELHI HIGH COURT] wherein as concerned with a somewhat similar situation i.e. the claim made in respect of VRS benefits, and, whether claim of whole amount as a deduction, is contrary to Section 35DDA of the Act and, could result in a justifiable penalty under Section 271(1)(c) of the Act. It was ruled that such could not be the consequence and the penalty was set aside. No substantial question of law. - decided against revenue.
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