https://www.taxtmi.com/caselaws?id=214858 The Appellate Tribunal upheld the deletion of penalties on various additions to the total income for assessment year 2004-05. The Tribunal found that the penalties under section 271(1)(c) were not justifiable and were consequently deleted. The Assessing Officer was directed to consider initiating penalty proceedings at the time of deciding the set-aside proceedings. The revenue's appeal was dismissed, affirming the deletion of penalties. en-us Fri, 01 Jun 2012 00:00:00 +0530 Wed, 11 Jul 2012 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214858 The Appellate Tribunal upheld the deletion of penalties on various additions to the total income for assessment year 2004-05. The Tribunal found that the penalties under section 271(1)(c) were not justifiable and were consequently deleted. The Assessing Officer was directed to consider initiating penalty proceedings at the time of deciding the set-aside proceedings. The revenue's appeal was dismissed, affirming the deletion of penalties. Case-Laws Income Tax Fri, 01 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214858