https://www.taxtmi.com/caselaws?id=195879 The I.T.A.T. allowed both appeals, setting aside the penalty imposed under section 271(1)(c) for Assessment Years 2004-05 & 2008-09. The decision was based on the similarity to previous cases where penalties were deleted, emphasizing the distinction between quantum proceedings and penalty imposition. The commission income assessment on an estimate basis did not warrant penalty, following precedents. en-us Fri, 21 Oct 2016 00:00:00 +0530 Mon, 13 Nov 2017 21:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195879 The I.T.A.T. allowed both appeals, setting aside the penalty imposed under section 271(1)(c) for Assessment Years 2004-05 & 2008-09. The decision was based on the similarity to previous cases where penalties were deleted, emphasizing the distinction between quantum proceedings and penalty imposition. The commission income assessment on an estimate basis did not warrant penalty, following precedents. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195879