https://www.taxtmi.com/caselaws?id=344991 The appeal for Assessment Year (AY) 2009-10 was dismissed, upholding the deletion of the penalty under section 271(1)(c) of the Income-tax Act. For AY 2010-11, the appeal was allowed for statistical purposes, directing the Assessing Officer to reassess the rental income based on the High Court's guidelines. The Tribunal emphasized adherence to established legal principles and factual accuracy in both cases. en-us Fri, 26 May 2017 00:00:00 +0530 Mon, 03 Jul 2017 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344991 The appeal for Assessment Year (AY) 2009-10 was dismissed, upholding the deletion of the penalty under section 271(1)(c) of the Income-tax Act. For AY 2010-11, the appeal was allowed for statistical purposes, directing the Assessing Officer to reassess the rental income based on the High Court's guidelines. The Tribunal emphasized adherence to established legal principles and factual accuracy in both cases. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344991