https://www.taxtmi.com/caselaws?id=349164 The Tribunal allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on procedural errors in the penalty proceedings, leading to the cancellation of the penalty. The Tribunal found that the penalty was not sustainable under the law and referenced specific cases where penalties were cancelled due to procedural flaws. Consequently, the Tribunal ruled in favor of the assessee, deleting the penalty on legal grounds and against the Revenue. en-us Thu, 05 Oct 2017 00:00:00 +0530 Sat, 07 Oct 2017 09:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349164 The Tribunal allowed the appeal, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on procedural errors in the penalty proceedings, leading to the cancellation of the penalty. The Tribunal found that the penalty was not sustainable under the law and referenced specific cases where penalties were cancelled due to procedural flaws. Consequently, the Tribunal ruled in favor of the assessee, deleting the penalty on legal grounds and against the Revenue. Case-Laws Income Tax Thu, 05 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349164