Penalty justified if deduction claimed is not permissible & there was no debatable or contentious issue

HIGH COURT OF ALLAHABAD Commissioner of Income-tax v. Anand Duplex Ltd. IT Appeal No. 258 of 2000 September 5, 2012 ORDER 1. We have heard Shri R.K. Upadhyay, for the appellants. Shri R.R. Agrawal appears for the respondent- assessee. 2. This appeal has been filed under Section 260A of the Income Tax Act, 1961 by the revenue against the order of the Income Tax Appellate Tribunal dated 29th March, 2000 by which it has allowed the appeal and has set aside the order of the CIT (A) dated 3.8.1999, upholding the A.Os. orders under Section 154(1)(b) of the Income Tax Act for the A.Y...