https://www.taxtmi.com/caselaws?id=380596 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the legal principle that such penalties do not survive when the tax liability is ultimately computed under section 115JB of the Act. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 24 May 2019 12:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380596 The Tribunal ruled in favor of the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the legal principle that such penalties do not survive when the tax liability is ultimately computed under section 115JB of the Act. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380596