https://www.taxtmi.com/caselaws?id=379132 The Appellate Tribunal ITAT Chandigarh ruled in favor of the assessee, deleting penalties under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that since the additions forming the basis of the penalties had been deleted in a previous order, no penalty could be levied. The judgment emphasized that when the additions are deleted, there is no basis for imposing penalties. Consequently, the penalties were deemed unsustainable, leading to the dismissal of the Department's appeals and the allowance of the assessee's appeals. en-us Wed, 24 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 06:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379132 The Appellate Tribunal ITAT Chandigarh ruled in favor of the assessee, deleting penalties under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that since the additions forming the basis of the penalties had been deleted in a previous order, no penalty could be levied. The judgment emphasized that when the additions are deleted, there is no basis for imposing penalties. Consequently, the penalties were deemed unsustainable, leading to the dismissal of the Department's appeals and the allowance of the assessee's appeals. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379132