https://www.taxtmi.com/caselaws?id=195578 The High Court of Bombay upheld the decision of the Income Tax Appellate Tribunal to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2005-06. The Court found the issue identical to a prior case, where it was held that no substantial question of law existed. As a result, the appeal was dismissed without costs, emphasizing the importance of consistency in legal decisions and application of established principles. en-us Tue, 10 Jan 2017 00:00:00 +0530 Sat, 04 Nov 2017 10:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195578 The High Court of Bombay upheld the decision of the Income Tax Appellate Tribunal to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2005-06. The Court found the issue identical to a prior case, where it was held that no substantial question of law existed. As a result, the appeal was dismissed without costs, emphasizing the importance of consistency in legal decisions and application of established principles. Case-Laws Income Tax Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195578