https://www.taxtmi.com/caselaws?id=375740 The Tribunal upheld the deletion of the penalty under section 271E of the IT Act by the ld CIT(A). The decision was based on the appellant having a reasonable cause as per legal provisions and previous court rulings, leading to the cancellation of the penalty. The Tribunal dismissed the revenue's appeal, affirming the deletion of the penalty, citing the binding nature of decisions by jurisdictional High Courts and Tribunals. en-us Wed, 20 Feb 2019 00:00:00 +0530 Mon, 25 Feb 2019 05:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375740 The Tribunal upheld the deletion of the penalty under section 271E of the IT Act by the ld CIT(A). The decision was based on the appellant having a reasonable cause as per legal provisions and previous court rulings, leading to the cancellation of the penalty. The Tribunal dismissed the revenue's appeal, affirming the deletion of the penalty, citing the binding nature of decisions by jurisdictional High Courts and Tribunals. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375740