https://www.taxtmi.com/caselaws?id=408149 The Tribunal upheld the Ld.CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Act for the Assessment Year 2012-13. The Tribunal ruled that since the basis for the penalty was removed by the deletion of additions/disallowances in the quantum proceedings, the penalty could not be sustained. As a result, the appeal of the Revenue was dismissed, affirming the deletion of the penalty by the Ld.CIT(A). en-us Wed, 10 Mar 2021 00:00:00 +0530 Wed, 02 Jun 2021 08:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408149 The Tribunal upheld the Ld.CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Act for the Assessment Year 2012-13. The Tribunal ruled that since the basis for the penalty was removed by the deletion of additions/disallowances in the quantum proceedings, the penalty could not be sustained. As a result, the appeal of the Revenue was dismissed, affirming the deletion of the penalty by the Ld.CIT(A). Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408149