https://www.taxtmi.com/caselaws?id=234647 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete penalties under section 271(1)(c) for assessment years 2005-06 & 2006-07. The Tribunal found that the penalties were correctly deleted as the additions to the assessee's case were confirmed due to retrospective amendments, and the case laws cited by the Revenue did not align with the facts of the present case. The appeals filed by the Revenue were dismissed. en-us Fri, 24 May 2013 00:00:00 +0530 Wed, 30 Mar 2016 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234647 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete penalties under section 271(1)(c) for assessment years 2005-06 & 2006-07. The Tribunal found that the penalties were correctly deleted as the additions to the assessee's case were confirmed due to retrospective amendments, and the case laws cited by the Revenue did not align with the facts of the present case. The appeals filed by the Revenue were dismissed. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234647