https://www.taxtmi.com/caselaws?id=333816 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, setting aside the orders of the lower authorities and deleting the entire penalty levied by the Assessing Officer. The judgment emphasized the importance of correctly applying penalty provisions and considering the specific provisions of the Income-tax Act in penalty assessments. en-us Thu, 01 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 16:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333816 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal, setting aside the orders of the lower authorities and deleting the entire penalty levied by the Assessing Officer. The judgment emphasized the importance of correctly applying penalty provisions and considering the specific provisions of the Income-tax Act in penalty assessments. Case-Laws Income Tax Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333816