https://www.taxtmi.com/caselaws?id=300794 The Third Member of the ITAT ruled in favor of the assessee, leading to the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for assessment years 2006-07, 2007-08, and 2008-09. The appeals were allowed, and the penalty initially imposed and upheld by the CIT(A) was set aside. The final order pronounced in open court confirmed the deletion of the penalty, concluding the matter in favor of the appellant. en-us Tue, 26 Mar 2019 00:00:00 +0530 Thu, 24 Feb 2022 21:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300794 The Third Member of the ITAT ruled in favor of the assessee, leading to the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for assessment years 2006-07, 2007-08, and 2008-09. The appeals were allowed, and the penalty initially imposed and upheld by the CIT(A) was set aside. The final order pronounced in open court confirmed the deletion of the penalty, concluding the matter in favor of the appellant. Case-Laws Income Tax Tue, 26 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300794