https://www.taxtmi.com/caselaws?id=282088 The Tribunal upheld the decision of the Ld. CIT (A) to cancel the penalty imposed by the AO under section 271(1)(c). The Tribunal emphasized substantial compliance with the provisions of Explanation 5 and cited previous court decisions supporting the cancellation of the penalty. The revenue's appeal was dismissed, affirming the cancellation of the penalty. en-us Wed, 25 Jul 2012 00:00:00 +0530 Sat, 20 Jul 2019 17:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282088 The Tribunal upheld the decision of the Ld. CIT (A) to cancel the penalty imposed by the AO under section 271(1)(c). The Tribunal emphasized substantial compliance with the provisions of Explanation 5 and cited previous court decisions supporting the cancellation of the penalty. The revenue's appeal was dismissed, affirming the cancellation of the penalty. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282088