https://www.taxtmi.com/caselaws?id=394281 The Tribunal dismissed the revenue's appeal challenging the deletion of penalty under section 271(1)(c) for non-disclosure of receipts and an unsecured loan. The appeal was found non-maintainable as the tax effect fell below the threshold limit specified in CBDT Circular No.17/2019, following principles laid down by the Supreme Court. The Tribunal granted liberty to identify cases where the tax effect exceeded the limit for possible recall of appeal dismissal. en-us Tue, 14 Jan 2020 00:00:00 +0530 Tue, 07 Apr 2020 12:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394281 The Tribunal dismissed the revenue's appeal challenging the deletion of penalty under section 271(1)(c) for non-disclosure of receipts and an unsecured loan. The appeal was found non-maintainable as the tax effect fell below the threshold limit specified in CBDT Circular No.17/2019, following principles laid down by the Supreme Court. The Tribunal granted liberty to identify cases where the tax effect exceeded the limit for possible recall of appeal dismissal. Case-Laws Income Tax Tue, 14 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394281