https://www.taxtmi.com/caselaws?id=235666 The Tribunal allowed the appeals of the assessee for assessment years 2003-04 and 2004-05, directing the deletion of penalties imposed under section 271(1)(c). The Tribunal considered the reduction made by the Commissioner of Income Tax (Appeals) and the circumstances of the case, noting the addition was based on estimation and the smallness of the amount involved. The penalties were deleted based on these factors and the peculiar facts of the cases. en-us Fri, 15 Mar 2013 00:00:00 +0530 Tue, 30 Jul 2013 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235666 The Tribunal allowed the appeals of the assessee for assessment years 2003-04 and 2004-05, directing the deletion of penalties imposed under section 271(1)(c). The Tribunal considered the reduction made by the Commissioner of Income Tax (Appeals) and the circumstances of the case, noting the addition was based on estimation and the smallness of the amount involved. The penalties were deleted based on these factors and the peculiar facts of the cases. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235666