https://www.taxtmi.com/caselaws?id=9456 The High Court affirmed the deletion of the penalty under section 271(1)(c) of the Income-tax Act, ruling in favor of the assessee. The Court upheld the Tribunal's decision, finding the assessee's actions to be bona fide and that the penalty imposition was unwarranted. The judgment concluded that the assessee was not liable for the penalty, and the penalty levied was rightly deleted. en-us Thu, 13 Oct 2005 00:00:00 +0530 Tue, 23 Jun 2009 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9456 The High Court affirmed the deletion of the penalty under section 271(1)(c) of the Income-tax Act, ruling in favor of the assessee. The Court upheld the Tribunal's decision, finding the assessee's actions to be bona fide and that the penalty imposition was unwarranted. The judgment concluded that the assessee was not liable for the penalty, and the penalty levied was rightly deleted. Case-Laws Income Tax Thu, 13 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9456