https://www.taxtmi.com/caselaws?id=70881 The Tribunal dismissed the Department's appeals and upheld the CIT(A)'s orders, canceling the penalties imposed under Section 271(1)(c). The Tribunal emphasized the importance of procedural fairness, including the right to cross-examination and the necessity of clear evidence for imposing penalties. The Tribunal also recognized the implicit agreement between the assessee and the Department to settle the assessment amicably, further justifying the cancellation of the penalties. en-us Mon, 14 Sep 1992 00:00:00 +0530 Tue, 19 Apr 2011 18:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70881 The Tribunal dismissed the Department's appeals and upheld the CIT(A)'s orders, canceling the penalties imposed under Section 271(1)(c). The Tribunal emphasized the importance of procedural fairness, including the right to cross-examination and the necessity of clear evidence for imposing penalties. The Tribunal also recognized the implicit agreement between the assessee and the Department to settle the assessment amicably, further justifying the cancellation of the penalties. Case-Laws Income Tax Mon, 14 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70881