Income Tax Appeal v. Kesrisinghpur K.v.s.s.ltd

IN THE HIGH COURT OF JUDICATURE FOR RAJASTHAN AT JODHPUR -------------------------------------------------------- INCOME TAX APPEAL No. 82 of 2008 V/S KESRISINGHPUR K.V.S.S.LTD. Mr. KK BISSA, for the appellant / petitioner Mr. DINESH MEHTA, for the respondent Date of Order : 13.5.2009 HON'BLE SHRI N P GUPTA,J. HON'BLE SHRI GOVIND MATHUR,J. ORDER ----- Heard learned counsel for the appellant and thelearned counsel for the respondent. In our view, the learned Tribunal was right inholding that the disallowance made did not fall within theexpression “furnishing of inaccurate particulars of income”and they fall within the expression “debatable issue”.Obviously therefore, the setting aside of the penalty hasrightly been upheld by the Tribunal. Thus, the appeal doesnot involve the substantial question of law as suggested bythe Revenue. The appeal is, therefore, dismissed summarily. /tarun/