https://www.taxtmi.com/caselaws?id=405324 The Tribunal allowed the appeal of the assessee in a case concerning penalties under section 271(1)(c) of the Income Tax Act. The Tribunal deleted major additions made by the assessing officer, which were the basis for the penalty. As the additions were removed, the penalty was deemed unsustainable. Consequently, the Tribunal canceled the penalty imposed by the Revenue authorities and ruled in favor of the assessee. en-us Mon, 15 Feb 2021 00:00:00 +0530 Wed, 17 Mar 2021 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405324 The Tribunal allowed the appeal of the assessee in a case concerning penalties under section 271(1)(c) of the Income Tax Act. The Tribunal deleted major additions made by the assessing officer, which were the basis for the penalty. As the additions were removed, the penalty was deemed unsustainable. Consequently, the Tribunal canceled the penalty imposed by the Revenue authorities and ruled in favor of the assessee. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405324