https://www.taxtmi.com/caselaws?id=375562 The Appellate Tribunal allowed the appeal by the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the importance of bonafide conduct and absence of contumacious behavior in penalty proceedings, aligning with established legal principles. en-us Mon, 18 Feb 2019 00:00:00 +0530 Thu, 21 Feb 2019 06:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375562 The Appellate Tribunal allowed the appeal by the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the importance of bonafide conduct and absence of contumacious behavior in penalty proceedings, aligning with established legal principles. Case-Laws Income Tax Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375562