https://www.taxtmi.com/caselaws?id=397803 The Tribunal upheld the decision of the ld. CIT(A) to delete the penalty under section 271(1)(c) of the Income Tax Act, 1961. The revenue's appeal against the deletion of the penalty was dismissed, affirming that penalties cannot be imposed on adhoc additions without substantial evidence, in line with established legal precedent. en-us Thu, 20 Feb 2020 00:00:00 +0530 Sat, 29 Aug 2020 18:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397803 The Tribunal upheld the decision of the ld. CIT(A) to delete the penalty under section 271(1)(c) of the Income Tax Act, 1961. The revenue's appeal against the deletion of the penalty was dismissed, affirming that penalties cannot be imposed on adhoc additions without substantial evidence, in line with established legal precedent. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397803