https://www.taxtmi.com/caselaws?id=8469 An appellate authority reducing a penalty is not bound to preserve the same proportion of the maximum penalty as adopted in the original order. The Tribunal may reassess the material and reduce the penalty based on the relevant circumstances, and a reduced amount that still exceeds fifty per cent of the maximum penalty does not, by itself, amount to enhancement. On that reasoning, the reduction made by the Tribunal was held not to be an enhancement of the penalty originally levied by the Inspecting Assistant Commissioner, and the answer was against the assessee. en-us Tue, 20 Apr 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8469 An appellate authority reducing a penalty is not bound to preserve the same proportion of the maximum penalty as adopted in the original order. The Tribunal may reassess the material and reduce the penalty based on the relevant circumstances, and a reduced amount that still exceeds fifty per cent of the maximum penalty does not, by itself, amount to enhancement. On that reasoning, the reduction made by the Tribunal was held not to be an enhancement of the penalty originally levied by the Inspecting Assistant Commissioner, and the answer was against the assessee. Case-Laws Income Tax Tue, 20 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8469