https://www.taxtmi.com/caselaws?id=173523 The Revenue filed appeals against the CIT(A) order for the assessment year 1999-2000, challenging the reliance on ITAT decision and the initiation of penalty proceedings. The Ld. CIT(A) canceled the penalty under section 271(1)(c) based on previous Bench decisions quashing the assessments in dispute. After reviewing the material and arguments, it was held that the penalty was irrelevant, leading to the dismissal of the Revenue's appeals. en-us Tue, 23 Oct 2012 00:00:00 +0530 Thu, 17 Sep 2015 13:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173523 The Revenue filed appeals against the CIT(A) order for the assessment year 1999-2000, challenging the reliance on ITAT decision and the initiation of penalty proceedings. The Ld. CIT(A) canceled the penalty under section 271(1)(c) based on previous Bench decisions quashing the assessments in dispute. After reviewing the material and arguments, it was held that the penalty was irrelevant, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Tue, 23 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173523