https://www.taxtmi.com/caselaws?id=247771 The Tribunal upheld the deletion of the penalty under section 271(1)(c) and affirmed the applicability of section 271AAA instead. The judgment highlighted the importance of correctly applying penalty provisions based on the circumstances of the case and the relevant legal provisions. The Tribunal dismissed the Revenue's appeal, emphasizing the need for accurate interpretation and application of penalty provisions in income tax cases. en-us Mon, 12 May 2014 00:00:00 +0530 Thu, 22 May 2014 08:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247771 The Tribunal upheld the deletion of the penalty under section 271(1)(c) and affirmed the applicability of section 271AAA instead. The judgment highlighted the importance of correctly applying penalty provisions based on the circumstances of the case and the relevant legal provisions. The Tribunal dismissed the Revenue's appeal, emphasizing the need for accurate interpretation and application of penalty provisions in income tax cases. Case-Laws Income Tax Mon, 12 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247771