https://www.taxtmi.com/caselaws?id=343743 The appeal against the deletion of a penalty under section 271(1)(c) of the Income-tax Act, 1961, for the assessment year 2006-07 was dismissed. The penalty imposed by the Assessing Officer was deleted by the Ld. Commissioner of Income-tax (Appeals) and upheld by the Tribunal. The Tribunal found that the issues for which the penalty was levied were under re-computation, rendering the penalty unsustainable. Consequently, the appeal filed by the Revenue was dismissed on 17th May 2017. en-us Wed, 17 May 2017 00:00:00 +0530 Thu, 01 Jun 2017 07:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343743 The appeal against the deletion of a penalty under section 271(1)(c) of the Income-tax Act, 1961, for the assessment year 2006-07 was dismissed. The penalty imposed by the Assessing Officer was deleted by the Ld. Commissioner of Income-tax (Appeals) and upheld by the Tribunal. The Tribunal found that the issues for which the penalty was levied were under re-computation, rendering the penalty unsustainable. Consequently, the appeal filed by the Revenue was dismissed on 17th May 2017. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343743