https://www.taxtmi.com/caselaws?id=199957 The Tribunal ruled in favor of the assessee, allowing the appeal and deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2007-08. The penalty was based on an addition that had been deleted in a separate quantum appeal decision by the Tribunal, rendering the penalty unnecessary. As a result, the grounds raised by the assessee were accepted, leading to a successful appeal. en-us Fri, 09 Oct 2015 00:00:00 +0530 Fri, 16 Mar 2018 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199957 The Tribunal ruled in favor of the assessee, allowing the appeal and deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2007-08. The penalty was based on an addition that had been deleted in a separate quantum appeal decision by the Tribunal, rendering the penalty unnecessary. As a result, the grounds raised by the assessee were accepted, leading to a successful appeal. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199957