https://www.taxtmi.com/caselaws?id=409535 The Tribunal allowed the appeal, deleting the penalty imposed under section 271AAA of the Income-tax Act for the assessment year 2010-11. It was determined that the assessee had paid taxes along with interest in due time, rendering the penalty unjustified. The Commissioner of Income-tax (Appeals)'s decision to uphold the penalty was overturned, with the requirement for verification of tax payments by the Assessing Officer. en-us Fri, 09 Jul 2021 00:00:00 +0530 Sat, 10 Jul 2021 08:39:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409535 The Tribunal allowed the appeal, deleting the penalty imposed under section 271AAA of the Income-tax Act for the assessment year 2010-11. It was determined that the assessee had paid taxes along with interest in due time, rendering the penalty unjustified. The Commissioner of Income-tax (Appeals)'s decision to uphold the penalty was overturned, with the requirement for verification of tax payments by the Assessing Officer. Case-Laws Income Tax Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409535