Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (12) TMI 449 - AT - Income TaxPenalty u/s 271(1)(c) - HELD THAT:- Hon’ble jurisdictional High Court in the case of CIT v. Dr.Harsha N.Biliangady [2015 (3) TMI 1146 - KARNATAKA HIGH COURT] had held that when substantial question has been admitted on quantum assessment, penalty u/s 271(1)(c) cannot survive since the additions made were apparently debatable / doubtful. Penalty imposed u/s 271(1)(c) of the I.T.Act in given facts and circumstances of the case need to be deleted. Accordingly, we delete the penalty u/s 271(1)(c) - Decided in favour of assessee.
|