https://www.taxtmi.com/caselaws?id=277474 The Appeals regarding the sustainability of the penalty under section 271(1)(c) of the Income Tax Act for the assessment years 2008-09 and 2009-10 were brought before the Tribunal. The Judicial Member and the Accountant Member had differing opinions on the validity of the penalty. The third member sided with the Judicial Member, concluding that the penalty imposed was not sustainable in law. As a result, the penalty was canceled, and the assessee's appeal was allowed. Other legal grounds were not pursued, and the appeals were decided in favor of the assessee on June 20, 2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Wed, 05 Dec 2018 06:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277474 The Appeals regarding the sustainability of the penalty under section 271(1)(c) of the Income Tax Act for the assessment years 2008-09 and 2009-10 were brought before the Tribunal. The Judicial Member and the Accountant Member had differing opinions on the validity of the penalty. The third member sided with the Judicial Member, concluding that the penalty imposed was not sustainable in law. As a result, the penalty was canceled, and the assessee's appeal was allowed. Other legal grounds were not pursued, and the appeals were decided in favor of the assessee on June 20, 2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277474