https://www.taxtmi.com/caselaws?id=233788 The Tribunal dismissed all five appeals filed by the Revenue, upholding the CIT (A)'s decision to delete penalties under section 271(1)(c) for assessment years 2004-05 to 2008-09. The judgments were based on the debatable nature of the claim, the bona fide belief of the assessee, and relevant judicial precedents, including the decision in CIT vs. Reliance Petroproducts Pvt. Ltd. The Tribunal found no grounds for interference, affirming the cancellation of penalties in all instances. en-us Wed, 03 Apr 2013 00:00:00 +0530 Wed, 30 Mar 2016 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233788 The Tribunal dismissed all five appeals filed by the Revenue, upholding the CIT (A)'s decision to delete penalties under section 271(1)(c) for assessment years 2004-05 to 2008-09. The judgments were based on the debatable nature of the claim, the bona fide belief of the assessee, and relevant judicial precedents, including the decision in CIT vs. Reliance Petroproducts Pvt. Ltd. The Tribunal found no grounds for interference, affirming the cancellation of penalties in all instances. Case-Laws Income Tax Wed, 03 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233788