https://www.taxtmi.com/caselaws?id=374490 The Tribunal affirmed the deletion of the penalty under section 271C of the Income Tax Act, 1961. The penalty was deleted as the basis for it ceased to exist after the demand under section 201(1) and 201(1A) was quashed in a previous appeal. The Tribunal upheld the decision, stating that since the demand was no longer valid, the penalty could not be sustained. Consequently, the penalty imposed by the Assessing Officer was rightfully deleted, and the Revenue's appeal was dismissed. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sat, 02 Feb 2019 09:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374490 The Tribunal affirmed the deletion of the penalty under section 271C of the Income Tax Act, 1961. The penalty was deleted as the basis for it ceased to exist after the demand under section 201(1) and 201(1A) was quashed in a previous appeal. The Tribunal upheld the decision, stating that since the demand was no longer valid, the penalty could not be sustained. Consequently, the penalty imposed by the Assessing Officer was rightfully deleted, and the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374490