https://www.taxtmi.com/caselaws?id=206775 The court dismissed the appeal challenging the deletion of penalty under section 271(1)(c) on the deduction claimed under section 80IB for export incentives. The court relied on previous decisions, including Sterling Foods Vs. CIT and Liberty India Vs. CIT, to support the justification for quashing the penalty order based on the absence of deliberate concealment. The court emphasized the need for consistency with Supreme Court rulings, ultimately upholding the Tribunal's decision and dismissing the appeal in line with the precedent set by a previous order. en-us Thu, 13 Jan 2011 00:00:00 +0530 Wed, 16 Nov 2011 06:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206775 The court dismissed the appeal challenging the deletion of penalty under section 271(1)(c) on the deduction claimed under section 80IB for export incentives. The court relied on previous decisions, including Sterling Foods Vs. CIT and Liberty India Vs. CIT, to support the justification for quashing the penalty order based on the absence of deliberate concealment. The court emphasized the need for consistency with Supreme Court rulings, ultimately upholding the Tribunal's decision and dismissing the appeal in line with the precedent set by a previous order. Case-Laws Income Tax Thu, 13 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206775