https://www.taxtmi.com/caselaws?id=337660 The Tribunal upheld the CIT(A)'s decision to delete the penalty of Rs. 14,53,833/- imposed under section 271(1)(c) of the Income Tax Act, 1961. It found the assessee's explanation for the undisclosed income plausible and highlighted procedural flaws in the penalty proceedings. The Tribunal dismissed the Revenue's appeal, concluding that the penalty was not sustainable due to the procedural inconsistency. The order was pronounced on 11th January 2017. en-us Wed, 11 Jan 2017 00:00:00 +0530 Fri, 13 Jan 2017 10:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337660 The Tribunal upheld the CIT(A)'s decision to delete the penalty of Rs. 14,53,833/- imposed under section 271(1)(c) of the Income Tax Act, 1961. It found the assessee's explanation for the undisclosed income plausible and highlighted procedural flaws in the penalty proceedings. The Tribunal dismissed the Revenue's appeal, concluding that the penalty was not sustainable due to the procedural inconsistency. The order was pronounced on 11th January 2017. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337660