https://www.taxtmi.com/caselaws?id=383973 The Court dismissed the Tax Appeal, upholding the Income Tax Appellate Tribunal's decision to delete the penalty of Rs. 3,10,02,580/- imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2013-14. The decision clarified the scope of the penalty provision, emphasizing that penalties should consider different proceedings beyond assessment, and highlighted the importance of interpreting Explanation 4 to Section 271(1)(c) in determining penalty applicability. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 03 Aug 2019 09:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383973 The Court dismissed the Tax Appeal, upholding the Income Tax Appellate Tribunal's decision to delete the penalty of Rs. 3,10,02,580/- imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2013-14. The decision clarified the scope of the penalty provision, emphasizing that penalties should consider different proceedings beyond assessment, and highlighted the importance of interpreting Explanation 4 to Section 271(1)(c) in determining penalty applicability. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383973