https://www.taxtmi.com/caselaws?id=278655 The Tribunal dismissed the Revenue's appeal against the deletion of a penalty of Rs. 8 crore imposed under section 271(1)(c) of the Act for Assessment Year 2008-09. The CIT(A) had deleted the penalty after the Assessing Officer disallowed a deduction claimed by the assessee. The Tribunal noted a similar penalty imposed for the preceding year was also deleted, finding no distinguishing feature for the current year. Therefore, the Tribunal upheld the decision to delete the penalty, affirming the CIT(A)'s order. en-us Tue, 28 Mar 2017 00:00:00 +0530 Sat, 16 Feb 2019 06:27:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278655 The Tribunal dismissed the Revenue's appeal against the deletion of a penalty of Rs. 8 crore imposed under section 271(1)(c) of the Act for Assessment Year 2008-09. The CIT(A) had deleted the penalty after the Assessing Officer disallowed a deduction claimed by the assessee. The Tribunal noted a similar penalty imposed for the preceding year was also deleted, finding no distinguishing feature for the current year. Therefore, the Tribunal upheld the decision to delete the penalty, affirming the CIT(A)'s order. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278655