https://www.taxtmi.com/caselaws?id=407877 The ITAT upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, emphasizing that if the additions forming the basis for the penalty are deleted, the penalty cannot be sustained. The ITAT dismissed the Revenue's appeal, highlighting the significance of a valid basis for imposing penalties and the relevance of established case law in such matters. en-us Mon, 17 May 2021 00:00:00 +0530 Tue, 25 May 2021 08:38:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407877 The ITAT upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, emphasizing that if the additions forming the basis for the penalty are deleted, the penalty cannot be sustained. The ITAT dismissed the Revenue's appeal, highlighting the significance of a valid basis for imposing penalties and the relevance of established case law in such matters. Case-Laws Income Tax Mon, 17 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407877