https://www.taxtmi.com/caselaws?id=381515 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2013-14. The ITAT emphasized that the penalty notice was invalid, lacking specific grounds, and the revenue failed to provide evidence to support its appeal. Legal precedents were cited to support the conclusion that the penalty was not justified, as there was no deliberate concealment of income. Consequently, the ITAT dismissed the revenue's appeal, affirming the deletion of the penalty. en-us Wed, 22 May 2019 00:00:00 +0530 Wed, 12 Jun 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381515 The ITAT upheld the CIT(A)'s decision to delete the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2013-14. The ITAT emphasized that the penalty notice was invalid, lacking specific grounds, and the revenue failed to provide evidence to support its appeal. Legal precedents were cited to support the conclusion that the penalty was not justified, as there was no deliberate concealment of income. Consequently, the ITAT dismissed the revenue's appeal, affirming the deletion of the penalty. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381515