https://www.taxtmi.com/caselaws?id=378732 The High Court of Himachal Pradesh upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961, based on a previous decision by the Supreme Court favoring the respondent-assessee in a related case. The court found no grounds to question the deletion of the penalty by the ITAT, emphasizing the significance of precedent in tax liability matters. The judgment underscores the importance of legal precedent in shaping outcomes and reaffirms the adherence to established legal principles in resolving similar cases. en-us Thu, 11 Apr 2019 00:00:00 +0530 Sat, 20 Apr 2019 09:34:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378732 The High Court of Himachal Pradesh upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, 1961, based on a previous decision by the Supreme Court favoring the respondent-assessee in a related case. The court found no grounds to question the deletion of the penalty by the ITAT, emphasizing the significance of precedent in tax liability matters. The judgment underscores the importance of legal precedent in shaping outcomes and reaffirms the adherence to established legal principles in resolving similar cases. Case-Laws Income Tax Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378732