https://www.taxtmi.com/caselaws?id=214433 The Tribunal dismissed all four appeals by the Revenue, upholding the CIT(A)'s decisions to delete the penalties imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal reiterated that penalties are not warranted when the assessee's explanations are not found to be false and all necessary facts are disclosed. en-us Tue, 25 Oct 2011 00:00:00 +0530 Tue, 19 Jun 2012 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214433 The Tribunal dismissed all four appeals by the Revenue, upholding the CIT(A)'s decisions to delete the penalties imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal reiterated that penalties are not warranted when the assessee's explanations are not found to be false and all necessary facts are disclosed. Case-Laws Income Tax Tue, 25 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214433