https://www.taxtmi.com/caselaws?id=384935 The Tribunal allowed the penalty appeal, as the addition forming the basis for the penalty was overturned in the quantum appeal, rendering the penalty unjustified. The appellant successfully argued that the penalty confirmation was based on a genuine difference of opinion and procedural irregularities. The Tribunal emphasized that the penalty was unwarranted due to the deletion of certain additions, which nullified the basis for the penalty imposed by the Revenue. en-us Wed, 21 Aug 2019 00:00:00 +0530 Mon, 26 Aug 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384935 The Tribunal allowed the penalty appeal, as the addition forming the basis for the penalty was overturned in the quantum appeal, rendering the penalty unjustified. The appellant successfully argued that the penalty confirmation was based on a genuine difference of opinion and procedural irregularities. The Tribunal emphasized that the penalty was unwarranted due to the deletion of certain additions, which nullified the basis for the penalty imposed by the Revenue. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384935