https://www.taxtmi.com/caselaws?id=266198 The ITAT upheld the deletion of the penalty under section 271(1)(c) by the Ld. CIT(A) based on the quantum additions sustained and modified during the assessment proceedings. The ITAT found that the penalty does not survive when the quantum additions are deleted or set aside. Consequently, the ITAT dismissed the Revenue's appeal, deciding the issue against the Revenue. en-us Wed, 26 Aug 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266198 The ITAT upheld the deletion of the penalty under section 271(1)(c) by the Ld. CIT(A) based on the quantum additions sustained and modified during the assessment proceedings. The ITAT found that the penalty does not survive when the quantum additions are deleted or set aside. Consequently, the ITAT dismissed the Revenue's appeal, deciding the issue against the Revenue. Case-Laws Income Tax Wed, 26 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266198