https://www.taxtmi.com/caselaws?id=371934 The appeal was filed against the Income Tax Appellate Tribunal's judgment regarding the deletion of penalties under Section 271(1)(c) related to disallowed claims. The Revenue's challenge of quantum additions was withdrawn, making the Tribunal's decision final. The Tribunal justified the deletion of penalties based on complete disclosure by the assessee and referenced a Supreme Court judgment. As a result, the tax appeal was dismissed as no question of law arose, and the penalties could not be sustained due to the withdrawal of challenges on quantum additions before the High Court. en-us Mon, 10 Dec 2018 00:00:00 +0530 Fri, 14 Dec 2018 07:21:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371934 The appeal was filed against the Income Tax Appellate Tribunal's judgment regarding the deletion of penalties under Section 271(1)(c) related to disallowed claims. The Revenue's challenge of quantum additions was withdrawn, making the Tribunal's decision final. The Tribunal justified the deletion of penalties based on complete disclosure by the assessee and referenced a Supreme Court judgment. As a result, the tax appeal was dismissed as no question of law arose, and the penalties could not be sustained due to the withdrawal of challenges on quantum additions before the High Court. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371934