https://www.taxtmi.com/caselaws?id=348272 The Tribunal quashed the penalty imposed under Section 271(1)(c) of the Income Tax Act, following the precedent set in a similar case, and allowed the appeal of the assessee. The decision was in favor of the assessee, canceling the penalty under Section 271(1)(c), based on the law prevailing at the time of filing the original return for the assessment year in question. en-us Fri, 15 Sep 2017 00:00:00 +0530 Mon, 18 Sep 2017 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348272 The Tribunal quashed the penalty imposed under Section 271(1)(c) of the Income Tax Act, following the precedent set in a similar case, and allowed the appeal of the assessee. The decision was in favor of the assessee, canceling the penalty under Section 271(1)(c), based on the law prevailing at the time of filing the original return for the assessment year in question. Case-Laws Income Tax Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348272