https://www.taxtmi.com/caselaws?id=249963 The High Court upheld the Tribunal's decision to set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, emphasizing the lack of fulfillment of penalty criteria. The Court criticized Revenue's filing of appeals without substantial legal questions, imposing costs on the appeals. Each case should be assessed on its merits, cautioning against routine exercises based solely on revenue impact or Assessee status. The Court empowered competent authorities to recover costs and take disciplinary action for abusive appeals, dismissing the appeals with costs payable to the Legal Services Authority. en-us Thu, 10 Jul 2014 00:00:00 +0530 Tue, 17 Feb 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249963 The High Court upheld the Tribunal's decision to set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act, emphasizing the lack of fulfillment of penalty criteria. The Court criticized Revenue's filing of appeals without substantial legal questions, imposing costs on the appeals. Each case should be assessed on its merits, cautioning against routine exercises based solely on revenue impact or Assessee status. The Court empowered competent authorities to recover costs and take disciplinary action for abusive appeals, dismissing the appeals with costs payable to the Legal Services Authority. Case-Laws Income Tax Thu, 10 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249963