https://www.taxtmi.com/caselaws?id=236519 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act for the assessment year 2004-05, allowing the appeal. Despite finding the assessee's claim baseless, the Tribunal followed a previous decision by the jurisdictional High Court, which upheld the decision to delete the penalty in a similar case involving the assessee's family members. The Tribunal emphasized the principle of consistency and ruled in favor of the assessee, pronouncing the order on July 5, 2013. en-us Fri, 05 Jul 2013 00:00:00 +0530 Thu, 22 Aug 2013 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236519 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act for the assessment year 2004-05, allowing the appeal. Despite finding the assessee's claim baseless, the Tribunal followed a previous decision by the jurisdictional High Court, which upheld the decision to delete the penalty in a similar case involving the assessee's family members. The Tribunal emphasized the principle of consistency and ruled in favor of the assessee, pronouncing the order on July 5, 2013. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236519