https://www.taxtmi.com/caselaws?id=189028 The Tribunal ruled that no penalty under section 271(1)(c) of the Income Tax Act could be imposed on the assessee. The appeal was decided in favor of the assessee, as the Tribunal found that the penalty proceedings were not justified based on the arguments presented and legal precedents cited. en-us Thu, 08 Oct 2015 00:00:00 +0530 Mon, 26 Dec 2016 10:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189028 The Tribunal ruled that no penalty under section 271(1)(c) of the Income Tax Act could be imposed on the assessee. The appeal was decided in favor of the assessee, as the Tribunal found that the penalty proceedings were not justified based on the arguments presented and legal precedents cited. Case-Laws Income Tax Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189028