https://www.taxtmi.com/caselaws?id=414100 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271(1)(c) for A.Y. 2013-14. It held that as there was no variation between the returned and assessed income, the penalty could not be levied, citing established legal principles and court decisions. The Tribunal upheld the deletion of the penalty, emphasizing the significance of this absence of variation in determining penalty imposition under the Income-tax Act. en-us Tue, 26 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 08:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414100 The Tribunal dismissed the Revenue's appeal against the deletion of the penalty under section 271(1)(c) for A.Y. 2013-14. It held that as there was no variation between the returned and assessed income, the penalty could not be levied, citing established legal principles and court decisions. The Tribunal upheld the deletion of the penalty, emphasizing the significance of this absence of variation in determining penalty imposition under the Income-tax Act. Case-Laws Income Tax Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414100