https://www.taxtmi.com/caselaws?id=275534 The Tribunal dismissed the Revenue's appeal against the cancellation of penalty u/s 272A(2)(c) for delay in filing Form No. 26C. The Tribunal upheld the decision of CIT(A) to cancel the penalty, emphasizing the importance of legal clarity and strict interpretation of penalty provisions. The decision was based on the absence of a specific time limit for filing the form before the relevant amendment in the law, supporting the assessee's explanation for the delay. en-us Mon, 08 Jun 1998 00:00:00 +0530 Sat, 06 Oct 2018 14:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275534 The Tribunal dismissed the Revenue's appeal against the cancellation of penalty u/s 272A(2)(c) for delay in filing Form No. 26C. The Tribunal upheld the decision of CIT(A) to cancel the penalty, emphasizing the importance of legal clarity and strict interpretation of penalty provisions. The decision was based on the absence of a specific time limit for filing the form before the relevant amendment in the law, supporting the assessee's explanation for the delay. Case-Laws Income Tax Mon, 08 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275534