https://www.taxtmi.com/caselaws?id=25753 Penalty under section 271(1)(c) could not survive once the addition forming its sole basis had been deleted. The penalty proceeding was wholly consequential to the assessment finding that treated a sum as undisclosed income, and that finding had already been finally decided in favour of the assessee. With the underlying addition no longer existing, the foundation for imposing penalty disappeared, making the deletion of penalty justified. en-us Mon, 30 Apr 1984 00:00:00 +0530 Sat, 30 Jan 2010 17:00:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25753 Penalty under section 271(1)(c) could not survive once the addition forming its sole basis had been deleted. The penalty proceeding was wholly consequential to the assessment finding that treated a sum as undisclosed income, and that finding had already been finally decided in favour of the assessee. With the underlying addition no longer existing, the foundation for imposing penalty disappeared, making the deletion of penalty justified. Case-Laws Income Tax Mon, 30 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25753