https://www.taxtmi.com/caselaws?id=282366 The Tribunal dismissed the revenue's appeal against the deletion of the penalty u/s.271(1)(c) for deemed dividend u/s.2(22)(e) of the IT Act, 1961. The Tribunal upheld the CIT (A)'s decision, ruling that the assessee did not conceal income or provide false particulars, and therefore, penalty imposition was not warranted. The appeal was heard on 31st January 2012 by the Appellate Tribunal ITAT Mumbai for the assessment year 2004-05. en-us Tue, 31 Jan 2012 00:00:00 +0530 Mon, 05 Aug 2019 15:08:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282366 The Tribunal dismissed the revenue's appeal against the deletion of the penalty u/s.271(1)(c) for deemed dividend u/s.2(22)(e) of the IT Act, 1961. The Tribunal upheld the CIT (A)'s decision, ruling that the assessee did not conceal income or provide false particulars, and therefore, penalty imposition was not warranted. The appeal was heard on 31st January 2012 by the Appellate Tribunal ITAT Mumbai for the assessment year 2004-05. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282366