https://www.taxtmi.com/caselaws?id=298174 Penalty under section 271(1)(c) could not survive because it was founded on a disallowance of advertisement and sales promotion expenses that had already been deleted in the assessee's own case. With the underlying addition no longer in existence, the basis for levy of penalty ceased to exist, and cancellation of the penalty was upheld in favour of the assessee. en-us Wed, 13 Oct 2010 00:00:00 +0530 Mon, 18 Oct 2021 15:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298174 Penalty under section 271(1)(c) could not survive because it was founded on a disallowance of advertisement and sales promotion expenses that had already been deleted in the assessee's own case. With the underlying addition no longer in existence, the basis for levy of penalty ceased to exist, and cancellation of the penalty was upheld in favour of the assessee. Case-Laws Income Tax Wed, 13 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298174