https://www.taxtmi.com/caselaws?id=379225 The Tribunal allowed the assessee's appeal, ruling that since the assessed and returned incomes were identical and both incomes were subject to TDS, there was no basis to uphold the penalty under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to delete the penalty of Rs. 76,674 imposed for the assessment year 2010-11. en-us Fri, 26 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379225 The Tribunal allowed the assessee's appeal, ruling that since the assessed and returned incomes were identical and both incomes were subject to TDS, there was no basis to uphold the penalty under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal directed the Assessing Officer to delete the penalty of Rs. 76,674 imposed for the assessment year 2010-11. Case-Laws Income Tax Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379225