https://www.taxtmi.com/caselaws?id=180635 The Appellate Tribunal ITAT Delhi allowed the appeal by the assessee against the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The penalty was initially quashed due to lack of specific satisfaction. The Delhi High Court remanded the matter back to the Tribunal for fresh consideration. The Tribunal canceled the penalty as the claim for deduction under Section 80HHC was not found unsustainable in law, and there was no evidence of inaccurate particulars provided by the assessee. The appeal of the assessee was allowed, and the decision was pronounced on 25th May 2012. en-us Fri, 25 May 2012 00:00:00 +0530 Thu, 31 Mar 2016 10:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180635 The Appellate Tribunal ITAT Delhi allowed the appeal by the assessee against the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The penalty was initially quashed due to lack of specific satisfaction. The Delhi High Court remanded the matter back to the Tribunal for fresh consideration. The Tribunal canceled the penalty as the claim for deduction under Section 80HHC was not found unsustainable in law, and there was no evidence of inaccurate particulars provided by the assessee. The appeal of the assessee was allowed, and the decision was pronounced on 25th May 2012. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180635