https://www.taxtmi.com/caselaws?id=253703 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act, finding that the commission payments were made in good faith and with due diligence, consistent with previous years. The Tribunal dismissed the assessee's cross-objection regarding the assessment order being time-barred, holding that the penalty could not be challenged on that ground as the assessment order was subsisting and had not been challenged in the appropriate proceedings. Both the Revenue's appeal and the assessee's cross-objection were dismissed. en-us Thu, 20 Nov 2014 00:00:00 +0530 Tue, 02 Dec 2014 08:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253703 The Tribunal upheld the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act, finding that the commission payments were made in good faith and with due diligence, consistent with previous years. The Tribunal dismissed the assessee's cross-objection regarding the assessment order being time-barred, holding that the penalty could not be challenged on that ground as the assessment order was subsisting and had not been challenged in the appropriate proceedings. Both the Revenue's appeal and the assessee's cross-objection were dismissed. Case-Laws Income Tax Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253703