CIT v. Manzoor Ahmad Walvir. (2018) 400 ITR 89 (J & K) (HC)

S. 271(1)(c) : Penalty – Concealment – Claim of deduction – Payable -Difference of opinion amongst High Court – Deletion of penalty was held to be justified . [ S. 40(a)(ia) ]

Dismissing the appeal of the revenue , the Court held that , Claim of deduction being debatable and difference of opinion amongst High Court, deletion of penalty was held to be justified . ( AY. 2009 -10)