https://www.taxtmi.com/caselaws?id=248203 The Tribunal upheld the deletion of penalties under section 271(1)(c) for assessment years 2003-04 and 2004-05. For 2003-04, penalties were deleted as the Tribunal found no justification for the additions made by the AO. In 2004-05, penalties were deleted after considering the merits of each addition and finding no concealment of facts. The Tribunal dismissed the Revenue's appeals, confirming the deletion of penalties for both years. en-us Fri, 16 May 2014 00:00:00 +0530 Thu, 05 Jun 2014 11:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248203 The Tribunal upheld the deletion of penalties under section 271(1)(c) for assessment years 2003-04 and 2004-05. For 2003-04, penalties were deleted as the Tribunal found no justification for the additions made by the AO. In 2004-05, penalties were deleted after considering the merits of each addition and finding no concealment of facts. The Tribunal dismissed the Revenue's appeals, confirming the deletion of penalties for both years. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248203