Search: penalty u/s 271

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Section 80I5 Section 802 Section 271(1)(c)2

JCIT, BANGALORE vs. M/S ABB INDIA PVT. LTD.,, BANGALORE

In the result the appeal of the revenue in ITA No

ITA 441/BANG/2014[1998-99]Status: DisposedITAT Bangalore21 Sept 2016AY 1998-99

Bench: Smt. Asha Vijayaraghavanshri Inturi Rama Raoita No.441 /Bang/2014 (Asst. Year 1998-99) The Jt. Commissioner Of Income-Tax (Ltu), Bengaluru. . Appellant Vs. M/S Abb India Pvt. Ltd., Khanija Bhawan, Race Course Road, Bangalore. . Respondent Appellant By : Shri Sanjay Kumar, Cit Respondent By : Shri T Suryanarayana, Advocate

For Appellant: Shri Sanjay Kumar, CITFor Respondent: Shri T Suryanarayana, Advocate

Section 10BSection 271(1)(c)Section 80Section 80I

80I and 80HH? 5. Thus the issue being a debatable issue, the non-allocation of common corporate expenditure resulting in reduction of deduction u/s 80IA, in our opinion, cannot be the basis for levying penalty on account of a wrong claim for deduction. A long as the Assessee had ITA No.441/B/14 4 explained the reason for claiming deduction