The Tax Publishers2013 TaxPub(DT) 1375 (Del-HC) : (2013) 051 (I) ITCL 0372

INCOME TAX ACT, 1961

--Appeal (High Court)--Substantial question of law Penalty under section 271(1)(c)--Held: Both the Commissioner (Appeals) as well as ITAT have set aside the penalty imposed by the assessing officer under section 271(1)(c) on the ground that the issue of deduction under section 14A was a debatable issue. This itself shows that the issue was debatable, therefore, no substantial question of law arose for consideration.

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