https://www.taxtmi.com/caselaws?id=407870 The Tribunal dismissed both appeals by Revenue, affirming the deletion of the penalty under section 271(1)(c) by CIT(A) based on the lack of conclusive evidence proving the purchases as bogus and the presence of doubt regarding the same. en-us Thu, 25 Mar 2021 00:00:00 +0530 Tue, 25 May 2021 08:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407870 The Tribunal dismissed both appeals by Revenue, affirming the deletion of the penalty under section 271(1)(c) by CIT(A) based on the lack of conclusive evidence proving the purchases as bogus and the presence of doubt regarding the same. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407870