https://www.taxtmi.com/caselaws?id=381005 The Tribunal dismissed the revenue's appeal against the deletion of a penalty under section 271(1)(c) of the IT Act for the assessment year 2012-13. The penalty was initially imposed by the AO based on an addition that was later deleted by the Tribunal in the quantum appeal. The Tribunal held that since the basis for the penalty was eliminated, there was no justification for the penalty. The revenue's challenge was solely on the grounds of the Tribunal's order not being accepted, but as there was no evidence of reversal by the High Court, the deletion of the penalty was upheld. en-us Tue, 14 May 2019 00:00:00 +0530 Sat, 01 Jun 2019 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381005 The Tribunal dismissed the revenue's appeal against the deletion of a penalty under section 271(1)(c) of the IT Act for the assessment year 2012-13. The penalty was initially imposed by the AO based on an addition that was later deleted by the Tribunal in the quantum appeal. The Tribunal held that since the basis for the penalty was eliminated, there was no justification for the penalty. The revenue's challenge was solely on the grounds of the Tribunal's order not being accepted, but as there was no evidence of reversal by the High Court, the deletion of the penalty was upheld. Case-Laws Income Tax Tue, 14 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381005