https://www.taxtmi.com/caselaws?id=411501 The Tribunal dismissed the appeals challenging the deletion of penalties under section 271(1)(c) for assessment years 2009-10 and 2010-11. It upheld the order of the Commissioner (Appeals), ruling that penalties were not justified as there was no evidence of concealment or furnishing inaccurate particulars of income. The Tribunal also found the appeals not maintainable due to the low tax effect criterion specified in CBDT Circulars, as the quantum in dispute fell below the monetary limit outlined in the circulars. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 27 Aug 2021 08:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411501 The Tribunal dismissed the appeals challenging the deletion of penalties under section 271(1)(c) for assessment years 2009-10 and 2010-11. It upheld the order of the Commissioner (Appeals), ruling that penalties were not justified as there was no evidence of concealment or furnishing inaccurate particulars of income. The Tribunal also found the appeals not maintainable due to the low tax effect criterion specified in CBDT Circulars, as the quantum in dispute fell below the monetary limit outlined in the circulars. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411501