https://www.taxtmi.com/caselaws?id=265994 The ITAT upheld the CIT (A)'s decision to delete the penalty under section 271(1)(c) for the assessment year 2001-02. The ITAT found that the legal heir should not be penalized for the deceased's actions regarding the gifts declared as bogus, especially considering the limited involvement and knowledge of the heir in the matter. The ITAT's ruling was influenced by the precedent set in a similar case involving the wife of the appellant, where the penalty was also deleted. The Revenue's appeal challenging the deletion of the penalty was dismissed by the ITAT. en-us Tue, 08 Sep 2015 00:00:00 +0530 Sat, 17 Oct 2015 08:15:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265994 The ITAT upheld the CIT (A)'s decision to delete the penalty under section 271(1)(c) for the assessment year 2001-02. The ITAT found that the legal heir should not be penalized for the deceased's actions regarding the gifts declared as bogus, especially considering the limited involvement and knowledge of the heir in the matter. The ITAT's ruling was influenced by the precedent set in a similar case involving the wife of the appellant, where the penalty was also deleted. The Revenue's appeal challenging the deletion of the penalty was dismissed by the ITAT. Case-Laws Income Tax Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265994