https://www.taxtmi.com/caselaws?id=408716 The Tribunal concluded that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not sustainable due to the failure to frame specific charges and the acceptance of the returned income by the revenue. As a result, the penalty was deleted, the assessee's appeal was allowed, and the revenue's appeal was dismissed. The order was pronounced on 17th June 2021. en-us Thu, 17 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408716 The Tribunal concluded that the penalty imposed under Section 271(1)(c) of the Income Tax Act was not sustainable due to the failure to frame specific charges and the acceptance of the returned income by the revenue. As a result, the penalty was deleted, the assessee's appeal was allowed, and the revenue's appeal was dismissed. The order was pronounced on 17th June 2021. Case-Laws Income Tax Thu, 17 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408716