The ITAT bench of Cuttack has held that penalty u/s.271(1)(c)

The ITAT bench of Cuttack has held that penalty u/s.271(1)(c)

The ITAT bench of Cuttack has held that penalty u/s.271(1)(c) of the Act cannot be levied where the penalty was imposed in respect of any addition where the High Court has admitted the appeal on substantial question of law, then the sustainability of the addition itself becomes debatable. The tribunal has placed reliance on the decision of Hon’ble Karanataka High Court in the case of CIT vs Dr. Harsha N Billiangady, 379 ITR 529 (Kar).



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