https://www.taxtmi.com/caselaws?id=299597 The penalty appeal for AY 2004-05 was dismissed as the Tribunal upheld the deletion of penalty u/s 271(1)(c) by the CIT(A). For the assessee's appeals for AY 2006-07 and 2007-08, various grounds were rejected, but some were allowed based on previous decisions and legal precedents. The revenue's appeals for the same years were also dismissed as the Tribunal ruled against the revenue on multiple issues. Overall, the revenue's appeals were dismissed, and the assessee's appeals were partly allowed. en-us Fri, 11 May 2012 00:00:00 +0530 Wed, 22 Dec 2021 11:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299597 The penalty appeal for AY 2004-05 was dismissed as the Tribunal upheld the deletion of penalty u/s 271(1)(c) by the CIT(A). For the assessee's appeals for AY 2006-07 and 2007-08, various grounds were rejected, but some were allowed based on previous decisions and legal precedents. The revenue's appeals for the same years were also dismissed as the Tribunal ruled against the revenue on multiple issues. Overall, the revenue's appeals were dismissed, and the assessee's appeals were partly allowed. Case-Laws Income Tax Fri, 11 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299597