https://www.taxtmi.com/caselaws?id=285008 The Tribunal upheld the appellant's plea and deleted the penalty of &8377; 33,99,200 imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2011-12. The Tribunal found similarities between the appellant's case and a group entity case where a similar penalty was deleted by a co-ordinate bench of the Tribunal. Despite no dispute on factual elements by the Departmental Representative, the Tribunal concluded that there was no reason to deviate from the decision in the group entity case, leading to the deletion of the penalty. en-us Mon, 14 Oct 2019 00:00:00 +0530 Fri, 20 Dec 2019 18:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285008 The Tribunal upheld the appellant's plea and deleted the penalty of &8377; 33,99,200 imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2011-12. The Tribunal found similarities between the appellant's case and a group entity case where a similar penalty was deleted by a co-ordinate bench of the Tribunal. Despite no dispute on factual elements by the Departmental Representative, the Tribunal concluded that there was no reason to deviate from the decision in the group entity case, leading to the deletion of the penalty. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285008