https://www.taxtmi.com/caselaws?id=406055 The Tribunal directed the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, based on the CBDT Circular and legal precedent. The appeal was allowed, and the penalty was overturned in favor of the appellant. en-us Thu, 25 Mar 2021 00:00:00 +0530 Mon, 05 Apr 2021 09:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406055 The Tribunal directed the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, based on the CBDT Circular and legal precedent. The appeal was allowed, and the penalty was overturned in favor of the appellant. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406055