https://www.taxtmi.com/caselaws?id=179425 The Appellate Tribunal ITAT DELHI dismissed the Revenue's appeal against the deletion of penalty under section 271(1)(c) of the Income-tax Act, 1961 by the CIT(A) for AY 2002-03. The Tribunal ruled in favor of the assessee based on previous judgments, leading to the dismissal of the Revenue's appeal and the cross objections filed by the assessee. The Tribunal held that the penalty cannot be imposed based on additions made under regular provisions, referencing relevant court judgments. (Judgment Date: 16.11.2012) en-us Fri, 16 Nov 2012 00:00:00 +0530 Tue, 01 Mar 2016 15:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179425 The Appellate Tribunal ITAT DELHI dismissed the Revenue's appeal against the deletion of penalty under section 271(1)(c) of the Income-tax Act, 1961 by the CIT(A) for AY 2002-03. The Tribunal ruled in favor of the assessee based on previous judgments, leading to the dismissal of the Revenue's appeal and the cross objections filed by the assessee. The Tribunal held that the penalty cannot be imposed based on additions made under regular provisions, referencing relevant court judgments. (Judgment Date: 16.11.2012) Case-Laws Income Tax Fri, 16 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179425