https://www.taxtmi.com/caselaws?id=293107 The Tribunal upheld the decision of the Ld. CIT(A) to delete the penalty imposed under section 271(1)(c) for AY 2009-10. The penalty was deemed unjustified as it was solely based on a change in the head of income without any concealment of particulars. The revenue's appeal against the deletion of the penalty was dismissed, emphasizing that no penalty was warranted in this case. en-us Wed, 01 Nov 2017 00:00:00 +0530 Sat, 23 Jan 2021 21:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293107 The Tribunal upheld the decision of the Ld. CIT(A) to delete the penalty imposed under section 271(1)(c) for AY 2009-10. The penalty was deemed unjustified as it was solely based on a change in the head of income without any concealment of particulars. The revenue's appeal against the deletion of the penalty was dismissed, emphasizing that no penalty was warranted in this case. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293107