https://www.taxtmi.com/caselaws?id=268726 The Tribunal deleted the penalty imposed on the appellant under section 271(1)(c) for the assessment year 2005-06. The Tribunal found that the penalty was not justified for the stock value discrepancy and write-off of advances, citing technical discrepancies and lack of fair hearing opportunity by the Assessing Officer. The appellant's appeal was allowed, granting relief from the penalty. en-us Fri, 06 Nov 2015 00:00:00 +0530 Tue, 01 Dec 2015 00:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268726 The Tribunal deleted the penalty imposed on the appellant under section 271(1)(c) for the assessment year 2005-06. The Tribunal found that the penalty was not justified for the stock value discrepancy and write-off of advances, citing technical discrepancies and lack of fair hearing opportunity by the Assessing Officer. The appellant's appeal was allowed, granting relief from the penalty. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268726