https://www.taxtmi.com/caselaws?id=378259 The Tribunal ruled in favor of deleting the penalty imposed under section 271(1)(c) for a wrong claim of deduction. The appeal by the Revenue was allowed as the Tribunal found the penalty proceedings not sustainable due to certain issues being remanded for fresh assessment. The Cross Objections by the Assessee challenging the penalty imposition were also allowed for statistical purposes. en-us Wed, 10 Apr 2019 00:00:00 +0530 Fri, 12 Apr 2019 05:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378259 The Tribunal ruled in favor of deleting the penalty imposed under section 271(1)(c) for a wrong claim of deduction. The appeal by the Revenue was allowed as the Tribunal found the penalty proceedings not sustainable due to certain issues being remanded for fresh assessment. The Cross Objections by the Assessee challenging the penalty imposition were also allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378259