https://www.taxtmi.com/caselaws?id=248037 The court upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act by the CIT(A) for the assessment year 2004-05. The court found that the assessee was eligible for deduction under section 80HHC, even though not initially claimed, and directed the Assessing Officer to delete the penalty. The court emphasized the need for a fresh assessment before initiating penalty proceedings, rejecting the Revenue's appeal and affirming the CIT(A)'s decision based on a previous ITAT ruling. en-us Fri, 25 Apr 2014 00:00:00 +0530 Thu, 22 May 2014 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248037 The court upheld the deletion of the penalty under section 271(1)(c) of the Income Tax Act by the CIT(A) for the assessment year 2004-05. The court found that the assessee was eligible for deduction under section 80HHC, even though not initially claimed, and directed the Assessing Officer to delete the penalty. The court emphasized the need for a fresh assessment before initiating penalty proceedings, rejecting the Revenue's appeal and affirming the CIT(A)'s decision based on a previous ITAT ruling. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248037