https://www.taxtmi.com/caselaws?id=355183 The court upheld the order deleting the penalty under Section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2006-07. It clarified that the admission of an appeal in quantum proceedings does not automatically warrant deletion of penalty, emphasizing that each penalty case should be considered based on individual facts. The justification for penalty deletion depended on the outcome of the quantum appeal, and success in quantum proceedings may prevent penalty imposition, but imposition of penalty is not automatic even if the Revenue succeeds in quantum proceedings. The case was scheduled to be heard along with another appeal raising similar substantial questions of law. en-us Tue, 06 Feb 2018 00:00:00 +0530 Sat, 10 Feb 2018 07:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355183 The court upheld the order deleting the penalty under Section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2006-07. It clarified that the admission of an appeal in quantum proceedings does not automatically warrant deletion of penalty, emphasizing that each penalty case should be considered based on individual facts. The justification for penalty deletion depended on the outcome of the quantum appeal, and success in quantum proceedings may prevent penalty imposition, but imposition of penalty is not automatic even if the Revenue succeeds in quantum proceedings. The case was scheduled to be heard along with another appeal raising similar substantial questions of law. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355183