DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 2(1), JABALPUR vs. MADHYA PRADESH POWER GENERATING CO. LTD., JABALPUR
In the result, the Revenue's appeal is dismissed as not maintainable
ITA 251/JAB/2018[2008-09]Status: DisposedITAT Jabalpur23 Feb 2022AY 2008-09
Bench: Shri Sanjay Arora, Hon’Ble & Shri Manomohan Das, Hon'Ble
For Appellant: Shri Rahul Bardia, CAFor Respondent: Shri S.K. Halder, DR
Section 115Section 143(3)Section 147Section 154Section 271(1)(c)
273B, stipulating, in respect of the penalty provisions specified therein, non-levy of penalty where the default under reference is proved as on account of a reasonable cause. A debatable issue, therefore, cannot lead to penalty, which forms the basis of the Hon'ble Court stating that mere unsustainability of a claim would not attract penalty. The cited decision
