Where issue is a debatable legal issue, penalty U/s. 271(1)(c ) not leviable: PVR case

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.

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