https://www.taxtmi.com/caselaws?id=278284 The Tribunal ruled in favor of the assessee, allowing the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act. The decision was based on the lack of positive evidence supporting the penalty imposition, emphasizing the absence of incriminating information against the assessee. en-us Wed, 13 Dec 2017 00:00:00 +0530 Wed, 23 Jan 2019 07:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278284 The Tribunal ruled in favor of the assessee, allowing the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act. The decision was based on the lack of positive evidence supporting the penalty imposition, emphasizing the absence of incriminating information against the assessee. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278284