https://www.taxtmi.com/caselaws?id=252018 The ITAT held that the assessee could not be penalized for claims disallowed due to retrospective amendments. Relying on SC precedent, the ITAT deleted the penalty retained by the CIT(A) and allowed the assessee's appeal, dismissing the Revenue's appeal. en-us Wed, 24 Sep 2014 00:00:00 +0530 Wed, 08 Oct 2014 08:14:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252018 The ITAT held that the assessee could not be penalized for claims disallowed due to retrospective amendments. Relying on SC precedent, the ITAT deleted the penalty retained by the CIT(A) and allowed the assessee's appeal, dismissing the Revenue's appeal. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252018