https://www.taxtmi.com/caselaws?id=285297 The Tribunal overturned the decisions of the CIT(A) and the Assessing Officer, ruling that the penalty of Rs. 24,54,090 under Section 271(1)(c) was unjustified. The Tribunal held that the assessee had filed the return within the extended due date under Section 139(4), thus canceling the penalty. The appeal was allowed, and the penalty was set aside in a judgment delivered on 8th April 2014. en-us Tue, 08 Apr 2014 00:00:00 +0530 Tue, 07 Jan 2020 06:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285297 The Tribunal overturned the decisions of the CIT(A) and the Assessing Officer, ruling that the penalty of Rs. 24,54,090 under Section 271(1)(c) was unjustified. The Tribunal held that the assessee had filed the return within the extended due date under Section 139(4), thus canceling the penalty. The appeal was allowed, and the penalty was set aside in a judgment delivered on 8th April 2014. Case-Laws Income Tax Tue, 08 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285297