https://www.taxtmi.com/caselaws?id=214919 The Tribunal upheld the CIT(A)'s decisions to delete penalties in all three instances. It emphasized the absence of deliberate concealment or inaccurate particulars, highlighting the debatable nature of the issues. The judgments stressed the need for distinct considerations in penalty proceedings compared to assessment proceedings, ultimately affirming the CIT(A)'s decisions and dismissing the revenue's appeal. en-us Fri, 08 Jun 2012 00:00:00 +0530 Wed, 11 Jul 2012 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214919 The Tribunal upheld the CIT(A)'s decisions to delete penalties in all three instances. It emphasized the absence of deliberate concealment or inaccurate particulars, highlighting the debatable nature of the issues. The judgments stressed the need for distinct considerations in penalty proceedings compared to assessment proceedings, ultimately affirming the CIT(A)'s decisions and dismissing the revenue's appeal. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214919