https://www.taxtmi.com/caselaws?id=398116 The tribunal set aside the Commissioner of Income Tax (Appeals)'s order and deleted the penalty under Section 271(1)(c) for Assessment Year 2012-13, ruling in favor of the assessee. The tribunal found no justifiable grounds for upholding the penalty, emphasizing the lack of concealment or furnishing inaccurate particulars. Additionally, the tribunal acknowledged the procedural delay caused by the COVID-19 pandemic and excluded the lockdown period from the pronouncement timeline, ensuring compliance with natural justice principles. en-us Fri, 04 Sep 2020 00:00:00 +0530 Mon, 07 Sep 2020 10:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398116 The tribunal set aside the Commissioner of Income Tax (Appeals)'s order and deleted the penalty under Section 271(1)(c) for Assessment Year 2012-13, ruling in favor of the assessee. The tribunal found no justifiable grounds for upholding the penalty, emphasizing the lack of concealment or furnishing inaccurate particulars. Additionally, the tribunal acknowledged the procedural delay caused by the COVID-19 pandemic and excluded the lockdown period from the pronouncement timeline, ensuring compliance with natural justice principles. Case-Laws Income Tax Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398116