https://www.taxtmi.com/caselaws?id=263870 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the penalty under Section 271(1)(C) of the Income Tax Act. The decision was based on the assessee's eligibility for immunity under Explanation 5, supported by case laws and the explanation provided during the proceedings. The Tribunal found no fault in the CIT(A)'s order and upheld the deletion of the penalty. en-us Fri, 12 Jul 2013 00:00:00 +0530 Sat, 12 Sep 2015 07:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263870 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the penalty under Section 271(1)(C) of the Income Tax Act. The decision was based on the assessee's eligibility for immunity under Explanation 5, supported by case laws and the explanation provided during the proceedings. The Tribunal found no fault in the CIT(A)'s order and upheld the deletion of the penalty. Case-Laws Income Tax Fri, 12 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263870