https://www.taxtmi.com/caselaws?id=402689 The appeal involved the reduction of a penalty under section 271(1)(c) by the CIT(A) from Rs. 3,86,00,000 to Rs. 1,35,900. The AO had imposed the penalty based on various grounds, but the tribunal had previously deleted the quantum additions. As the Revenue did not contest the deletion of these additions, the tribunal concluded that the penalty could not be sustained without the underlying substantive additions. Therefore, the appeal was allowed, and the penalty reduction by the CIT(A) was upheld due to the non-survival of the penalty following the deletion of the quantum additions. en-us Wed, 18 Nov 2020 00:00:00 +0530 Sat, 09 Jan 2021 21:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402689 The appeal involved the reduction of a penalty under section 271(1)(c) by the CIT(A) from Rs. 3,86,00,000 to Rs. 1,35,900. The AO had imposed the penalty based on various grounds, but the tribunal had previously deleted the quantum additions. As the Revenue did not contest the deletion of these additions, the tribunal concluded that the penalty could not be sustained without the underlying substantive additions. Therefore, the appeal was allowed, and the penalty reduction by the CIT(A) was upheld due to the non-survival of the penalty following the deletion of the quantum additions. Case-Laws Income Tax Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402689