https://www.taxtmi.com/caselaws?id=279433 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to delete a penalty under section 271(1)(c) of the Income Tax Act, 1961. The penalty was imposed by the AO but was invalidated by the High Court's ruling in favor of the assessee's eligibility for benefits under sections 11 and 12. As the basis for the penalty was found to be unjustified, the Tribunal upheld the deletion of the penalty, finding no merit in the Revenue's appeal. en-us Mon, 19 Mar 2018 00:00:00 +0530 Mon, 18 Mar 2019 06:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279433 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s decision to delete a penalty under section 271(1)(c) of the Income Tax Act, 1961. The penalty was imposed by the AO but was invalidated by the High Court's ruling in favor of the assessee's eligibility for benefits under sections 11 and 12. As the basis for the penalty was found to be unjustified, the Tribunal upheld the deletion of the penalty, finding no merit in the Revenue's appeal. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279433