https://www.taxtmi.com/caselaws?id=64121 The Appellate Tribunal ITAT DELHI-C ruled that the Income-tax Appellate Tribunal had no jurisdiction to impose the penalty exceeding Rs. 25,000 under section 274(2), as it was deleted. The penalty of Rs. 31,220 imposed by the Income-tax Appellate Commissioner was deemed illegal and invalid. Consequently, the penalty was canceled, and the appeal was allowed without delving into the merits of the case. en-us Sat, 30 Sep 1978 00:00:00 +0530 Thu, 03 Feb 2011 18:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64121 The Appellate Tribunal ITAT DELHI-C ruled that the Income-tax Appellate Tribunal had no jurisdiction to impose the penalty exceeding Rs. 25,000 under section 274(2), as it was deleted. The penalty of Rs. 31,220 imposed by the Income-tax Appellate Commissioner was deemed illegal and invalid. Consequently, the penalty was canceled, and the appeal was allowed without delving into the merits of the case. Case-Laws Income Tax Sat, 30 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64121