https://www.taxtmi.com/caselaws?id=392438 The Tribunal held that the penalty under Section 271(1)(c) could not be sustained as the quantum addition was deleted by the Pune Bench. Consequently, the penalty imposed on the enhanced income was not sustainable, and the lack of a clear finding by the Assessing Officer rendered the penalty unsustainable. The Tribunal set aside the order of the CIT(A) and allowed the grounds raised by the assessee, ultimately deleting the penalty imposed. en-us Wed, 12 Feb 2020 00:00:00 +0530 Thu, 20 Feb 2020 12:28:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392438 The Tribunal held that the penalty under Section 271(1)(c) could not be sustained as the quantum addition was deleted by the Pune Bench. Consequently, the penalty imposed on the enhanced income was not sustainable, and the lack of a clear finding by the Assessing Officer rendered the penalty unsustainable. The Tribunal set aside the order of the CIT(A) and allowed the grounds raised by the assessee, ultimately deleting the penalty imposed. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392438