https://www.taxtmi.com/caselaws?id=243999 The Tribunal upheld the CIT(A)'s decision to delete penalties imposed under section 271(1)(c) for the assessment year 2001-02. The Tribunal found no concealment or inaccurate particulars of income in the disputed matters, confirming the deletion of penalties for various additions contested by the Revenue. The consistent approach in favor of the assessee, based on legal reasoning and factual findings, led to the dismissal of the Revenue's appeal, ultimately resulting in the deletion of penalties. en-us Thu, 22 Sep 2011 00:00:00 +0530 Sat, 15 Feb 2014 15:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243999 The Tribunal upheld the CIT(A)'s decision to delete penalties imposed under section 271(1)(c) for the assessment year 2001-02. The Tribunal found no concealment or inaccurate particulars of income in the disputed matters, confirming the deletion of penalties for various additions contested by the Revenue. The consistent approach in favor of the assessee, based on legal reasoning and factual findings, led to the dismissal of the Revenue's appeal, ultimately resulting in the deletion of penalties. Case-Laws Income Tax Thu, 22 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243999