https://www.taxtmi.com/caselaws?id=354880 The Tribunal upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) imposed by the AO for assessment years 2005-06 to 2007-08 & 2009-10 to 2011-12. The penalties were based on additions made by the AO, which were later deleted by the Tribunal in quantum appeals. The Tribunal ruled that penalties cannot stand when the underlying additions have been overturned, dismissing the Revenue's appeals on 31/01/2018. en-us Wed, 31 Jan 2018 00:00:00 +0530 Tue, 06 Feb 2018 07:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354880 The Tribunal upheld the CIT(A)'s decision to delete penalties under section 271(1)(c) imposed by the AO for assessment years 2005-06 to 2007-08 & 2009-10 to 2011-12. The penalties were based on additions made by the AO, which were later deleted by the Tribunal in quantum appeals. The Tribunal ruled that penalties cannot stand when the underlying additions have been overturned, dismissing the Revenue's appeals on 31/01/2018. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354880