This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Where issue is a debatable legal issue, penalty U/s. 271(1)(c ) not leviable: PVR case
Case Law Details
- Case Name
- DCIT Vs PVR Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2006-07
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
DCIT Vs PVR Ltd. (ITAT Delhi)
Advocate Akhilesh Kumar Sah
Many cases are emerging out in which it is being held that where a claim by assessee is in respect of a debatable issue, penalty under section 271(1)(c ) of the Income tax Act, 1961(for short ‘the Act’) cannot be imposed. Recently, in DCIT vs. PVR Ltd. [ITA No. 1577/Del/2014, A.Y.: 2006-07, decided on 01.11.2017], one of the issue related to the penalty on disallowance of Rs.70,08,183/- on account of ESOP expenditure, the accounts of the assessee were duly audited, tax audit report, computation of income and incom...
