https://www.taxtmi.com/caselaws?id=413611 The Tribunal dismissed the Revenue's appeals for A.Y. 2012-13 and A.Y. 2014-15 regarding penalties under section 271(1)(c) of the Income Tax Act. The Tribunal ruled that once the additions/disallowances forming the basis for the penalties were deleted, the penalties could not be upheld independently. The decisions were based on the principle that if the additions were not sustained, the penalties imposed could not stand alone. en-us Wed, 06 Oct 2021 00:00:00 +0530 Sat, 16 Oct 2021 09:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413611 The Tribunal dismissed the Revenue's appeals for A.Y. 2012-13 and A.Y. 2014-15 regarding penalties under section 271(1)(c) of the Income Tax Act. The Tribunal ruled that once the additions/disallowances forming the basis for the penalties were deleted, the penalties could not be upheld independently. The decisions were based on the principle that if the additions were not sustained, the penalties imposed could not stand alone. Case-Laws Income Tax Wed, 06 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413611