No Intention Attributable to Evade Tax on Debatable Issues: Bombay HC deletes Entertainment Duty

The Bombay High Court, in a recent ruling, overturned a penalty imposed on FPGI, citing that there was no intent to evade tax on debatable issues related to entertainment duty. The court emphasized that penalties cannot be levied in the absence of deliberate intent to evade taxes, especially on matters open to interpretation. This decision highlights the importance of clear intent in tax-related penalties and provides relief to FPGI in this case.