https://www.taxtmi.com/caselaws?id=30643 The High Court dismissed the Revenue's appeal challenging the order of the Income Tax Appellate Tribunal for the assessment year 1983-84. The Court upheld the Tribunal's decision to cancel the penalty under section 271(1)(c), emphasizing consistency in decision-making and adherence to legal principles. It concluded that there was no substantial question of law warranting admission of the appeal, affirming the importance of thorough consideration of facts and adherence to established legal precedents in tax matters. en-us Tue, 03 Jul 2007 00:00:00 +0530 Thu, 11 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30643 The High Court dismissed the Revenue's appeal challenging the order of the Income Tax Appellate Tribunal for the assessment year 1983-84. The Court upheld the Tribunal's decision to cancel the penalty under section 271(1)(c), emphasizing consistency in decision-making and adherence to legal principles. It concluded that there was no substantial question of law warranting admission of the appeal, affirming the importance of thorough consideration of facts and adherence to established legal precedents in tax matters. Case-Laws Income Tax Tue, 03 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30643