https://www.taxtmi.com/caselaws?id=417181 The tribunal allowed the appeal, quashing the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2010-11. The delay in filing the appeal was condoned due to the appellant's explanation and the vacating of additions that formed the basis for the penalty. The tribunal held that since the additions were vacated in the quantum appeal, the penalty could not stand, leading to the deletion of the penalty. en-us Fri, 07 Jan 2022 00:00:00 +0530 Sun, 16 Jan 2022 20:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417181 The tribunal allowed the appeal, quashing the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2010-11. The delay in filing the appeal was condoned due to the appellant's explanation and the vacating of additions that formed the basis for the penalty. The tribunal held that since the additions were vacated in the quantum appeal, the penalty could not stand, leading to the deletion of the penalty. Case-Laws Income Tax Fri, 07 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417181