https://www.taxtmi.com/caselaws?id=425752 The appeal against the ITAT order for the assessment year 2007-2008 was dismissed. The Tribunal favored the respondent due to ambiguity in the penalty under Section 271(1)(c). The court highlighted that penalties require specific conditions and incriminating evidence. The revised return under Section 153A was treated as original, and the appeal's delay condonation application was deemed infructuous. en-us Tue, 12 Jul 2022 00:00:00 +0530 Mon, 06 May 2024 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425752 The appeal against the ITAT order for the assessment year 2007-2008 was dismissed. The Tribunal favored the respondent due to ambiguity in the penalty under Section 271(1)(c). The court highlighted that penalties require specific conditions and incriminating evidence. The revised return under Section 153A was treated as original, and the appeal's delay condonation application was deemed infructuous. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425752