https://www.taxtmi.com/caselaws?id=349008 The Tribunal upheld the cancellation of a penalty imposed under section 271(1)(c) of the Income Tax Act for AY 2009-10. The penalty was initially imposed by the Assessing Officer but was later canceled by the ld. CIT(A) based on the Tribunal's decision to delete the addition that formed the basis for the penalty. The Tribunal found no reason to interfere with the ld. CIT(A)'s decision, emphasizing the inconsistency in treatment of similar cases and the lack of justification for upholding the penalty. Consequently, the appeal of the Revenue was dismissed. en-us Thu, 07 Sep 2017 00:00:00 +0530 Thu, 05 Oct 2017 09:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349008 The Tribunal upheld the cancellation of a penalty imposed under section 271(1)(c) of the Income Tax Act for AY 2009-10. The penalty was initially imposed by the Assessing Officer but was later canceled by the ld. CIT(A) based on the Tribunal's decision to delete the addition that formed the basis for the penalty. The Tribunal found no reason to interfere with the ld. CIT(A)'s decision, emphasizing the inconsistency in treatment of similar cases and the lack of justification for upholding the penalty. Consequently, the appeal of the Revenue was dismissed. Case-Laws Income Tax Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349008