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1 - 5 of 5 (1.08 seconds)Section 14A in The Income Tax Act, 1961 [Entire Act]
Section 275 in The Income Tax Act, 1961 [Entire Act]
Comm. Of Income Tax-Ii,Delhi vs M/S Liquid Investment And Trading Co. ... on 26 February, 2015
10. In view of what has been discussed above, since substantial
question of law has been framed by Hon'ble High Court on the
issue if the assessee is having fixed place PE in India, which is the
basis of levying/confirming the penalty u/s 271(1)(c) of the Act,
the issue becomes debatable, hence penalty u/s 271(1)(c) is not
leviable. Reliance in this regard is placed on the decision rendered
10 ITA No.6403/Del./2018
ITA No.695, 696 & 697/Del./2019
by Hon'ble Delhi High Court in ITA 240/2009 in CIT-II vs.
Liquid Investment and Trading Co. order dated 05.10.2010
whereby identical issue is decided as under :-
Section 260A in The Income Tax Act, 1961 [Entire Act]
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