https://www.taxtmi.com/caselaws?id=187484 The appellant successfully appealed against the assessment and penalty imposed for the Assessment Years 2003-04 and 2005-06. For the year 2003-04, the Tribunal referred the issue back to the AO for further consideration based on conflicting views, allowing the appeal for statistical purposes and setting aside the penalty appeal. In the case of the Assessment Year 2005-06, the Tribunal ruled in favor of the appellant, deleting the additions made and consequently removing the penalty imposed under section 271(1)(c). en-us Thu, 06 Aug 2009 00:00:00 +0530 Mon, 24 Oct 2016 16:20:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187484 The appellant successfully appealed against the assessment and penalty imposed for the Assessment Years 2003-04 and 2005-06. For the year 2003-04, the Tribunal referred the issue back to the AO for further consideration based on conflicting views, allowing the appeal for statistical purposes and setting aside the penalty appeal. In the case of the Assessment Year 2005-06, the Tribunal ruled in favor of the appellant, deleting the additions made and consequently removing the penalty imposed under section 271(1)(c). Case-Laws Income Tax Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187484