https://www.taxtmi.com/caselaws?id=178319 The Tax Appeal challenging the deletion of penalty under section 271(1)(c) of the Income Tax Act was dismissed. The Commissioner (Appeals) confirmed the penalty on inflated purchase but deleted penalties related to other additions. The Tribunal upheld this decision, citing various reasons for the penalty not being sustainable. It also noted that the disallowance of deduction under section 80IA was not sustainable. The Tribunal found no issues with the Commissioner (Appeals)'s order and confirmed the cancellation of the penalty, ultimately leading to the dismissal of the Tax Appeal. en-us Mon, 21 Jan 2013 00:00:00 +0530 Tue, 02 Feb 2016 11:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178319 The Tax Appeal challenging the deletion of penalty under section 271(1)(c) of the Income Tax Act was dismissed. The Commissioner (Appeals) confirmed the penalty on inflated purchase but deleted penalties related to other additions. The Tribunal upheld this decision, citing various reasons for the penalty not being sustainable. It also noted that the disallowance of deduction under section 80IA was not sustainable. The Tribunal found no issues with the Commissioner (Appeals)'s order and confirmed the cancellation of the penalty, ultimately leading to the dismissal of the Tax Appeal. Case-Laws Income Tax Mon, 21 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178319