https://www.taxtmi.com/caselaws?id=380917 The High Court upheld the decisions of the lower authorities to delete the penalty under Section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. The Court emphasized the importance of the Tribunal's deletion of additions as a basis for not imposing penalties, establishing a precedent against penalties when additions have been deleted. The Court found no legal grounds to interfere with the decisions of the lower authorities and dismissed the revenue's appeals, citing lack of merit. en-us Thu, 14 Mar 2019 00:00:00 +0530 Thu, 30 May 2019 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380917 The High Court upheld the decisions of the lower authorities to delete the penalty under Section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. The Court emphasized the importance of the Tribunal's deletion of additions as a basis for not imposing penalties, establishing a precedent against penalties when additions have been deleted. The Court found no legal grounds to interfere with the decisions of the lower authorities and dismissed the revenue's appeals, citing lack of merit. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380917