https://www.taxtmi.com/caselaws?id=256448 The ITAT confirmed the deletion of the penalty imposed under section 271(1)(c) by the assessing officer, emphasizing the assessment under section 115JB of the Act and the acceptance of book profits for the assessee. The ITAT's decision was based on the legal principles and precedents cited by the CIT(A) in support of deleting the penalty. en-us Fri, 29 Aug 2014 00:00:00 +0530 Wed, 07 Sep 2022 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256448 The ITAT confirmed the deletion of the penalty imposed under section 271(1)(c) by the assessing officer, emphasizing the assessment under section 115JB of the Act and the acceptance of book profits for the assessee. The ITAT's decision was based on the legal principles and precedents cited by the CIT(A) in support of deleting the penalty. Case-Laws Income Tax Fri, 29 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256448