https://www.taxtmi.com/caselaws?id=248064 The Tribunal upheld the deletion of penalties under section 271(1)(c) for both AY 2003-04 and AY 2004-05. The penalties were related to deduction claims and transfer pricing adjustments. The Tribunal directed the Assessing Officer to delete the penalty for AY 2003-04 and dismissed the Revenue's appeals for both assessment years. en-us Fri, 25 Apr 2014 00:00:00 +0530 Sat, 31 May 2014 11:14:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248064 The Tribunal upheld the deletion of penalties under section 271(1)(c) for both AY 2003-04 and AY 2004-05. The penalties were related to deduction claims and transfer pricing adjustments. The Tribunal directed the Assessing Officer to delete the penalty for AY 2003-04 and dismissed the Revenue's appeals for both assessment years. Case-Laws Income Tax Fri, 25 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248064