https://www.taxtmi.com/caselaws?id=68563 The appeals were allowed, and penalties under section 221 were canceled as the assessed tax had been paid before penalty imposition, and the final tax liability was reduced due to relief granted by the Tribunal. The penalties were deemed unjustified as per section 221(2) since the assessed tax amount had been wholly reduced by the final order. en-us Wed, 27 Nov 2002 00:00:00 +0530 Thu, 21 Jun 2012 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68563 The appeals were allowed, and penalties under section 221 were canceled as the assessed tax had been paid before penalty imposition, and the final tax liability was reduced due to relief granted by the Tribunal. The penalties were deemed unjustified as per section 221(2) since the assessed tax amount had been wholly reduced by the final order. Case-Laws Income Tax Wed, 27 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68563