https://www.taxtmi.com/caselaws?id=424462 The Tribunal upheld the decision to delete the penalty, ruling that the penalty proceedings were initiated on a different charge than the one on which they were levied. The Tribunal agreed that the assessee had provided all necessary details and that the denial of the claim was due to interpretation issues, not concealment. Consequently, the appeal by the Revenue was dismissed, and the penalty order was deemed illegal and set aside. en-us Wed, 22 Jun 2022 00:00:00 +0530 Thu, 30 Jun 2022 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424462 The Tribunal upheld the decision to delete the penalty, ruling that the penalty proceedings were initiated on a different charge than the one on which they were levied. The Tribunal agreed that the assessee had provided all necessary details and that the denial of the claim was due to interpretation issues, not concealment. Consequently, the appeal by the Revenue was dismissed, and the penalty order was deemed illegal and set aside. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424462