https://www.taxtmi.com/caselaws?id=421247 The Supreme Court upheld the High Court's decision, confirming the maintainability of the appeal challenging the original penalty amount despite subsequent reductions falling below the threshold set by CBDT Circular No.21 of 2015. The court also affirmed the jurisdiction of the Additional Commissioner of Income Tax in approving the penalty under Section 271(1)(c) of the Income Tax Act. The appeal was dismissed without costs as the court found no merit in the appellant's arguments. en-us Tue, 19 Apr 2022 00:00:00 +0530 Fri, 17 Jun 2022 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421247 The Supreme Court upheld the High Court's decision, confirming the maintainability of the appeal challenging the original penalty amount despite subsequent reductions falling below the threshold set by CBDT Circular No.21 of 2015. The court also affirmed the jurisdiction of the Additional Commissioner of Income Tax in approving the penalty under Section 271(1)(c) of the Income Tax Act. The appeal was dismissed without costs as the court found no merit in the appellant's arguments. Case-Laws Income Tax Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421247