https://www.taxtmi.com/caselaws?id=182272 The Tribunal dismissed both appeals of the Revenue, upholding the decisions of the ld. CIT(A) to delete the penalties u/s 271AA and 271G for Assessment Year 2006-07. The Tribunal found the reasons for the delay in document submission, attributed to the resignation of the company secretary, to be valid and reasonable, thereby supporting the deletion of penalties. The decision was also backed by a previous ruling of the Tribunal in a similar case. en-us Fri, 09 Mar 2012 00:00:00 +0530 Tue, 18 Jul 2017 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182272 The Tribunal dismissed both appeals of the Revenue, upholding the decisions of the ld. CIT(A) to delete the penalties u/s 271AA and 271G for Assessment Year 2006-07. The Tribunal found the reasons for the delay in document submission, attributed to the resignation of the company secretary, to be valid and reasonable, thereby supporting the deletion of penalties. The decision was also backed by a previous ruling of the Tribunal in a similar case. Case-Laws Income Tax Fri, 09 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182272