https://www.taxtmi.com/caselaws?id=214852 The Appellate Tribunal ITAT, Delhi allowed the appellant's appeal for statistical purposes, overturning the dismissal of the appeal by Ld CIT(A) and contesting the levy of penalty u/s 271(1)(c). The Tribunal emphasized the need to await the final decision of the Court on the retrospective application of a specific section before imposing penalties. The decision highlighted the importance of examining material facts thoroughly and attributing penalty amounts to specific issues in compliance with relevant legal provisions. en-us Fri, 01 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214852 The Appellate Tribunal ITAT, Delhi allowed the appellant's appeal for statistical purposes, overturning the dismissal of the appeal by Ld CIT(A) and contesting the levy of penalty u/s 271(1)(c). The Tribunal emphasized the need to await the final decision of the Court on the retrospective application of a specific section before imposing penalties. The decision highlighted the importance of examining material facts thoroughly and attributing penalty amounts to specific issues in compliance with relevant legal provisions. Case-Laws Income Tax Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214852