https://www.taxtmi.com/caselaws?id=428889 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant, directing the deletion of the penalty of Rs.6,62,100 imposed under section 271C of the Income Tax Act. The ITAT found that the issue had been consistently decided in favor of the assessee by previous Co-ordinate Benches of ITAT, Delhi, and no new arguments were presented to warrant a departure from the established precedent. The appeal was allowed, and the penalty was set aside on 25/08/2022. en-us Thu, 25 Aug 2022 00:00:00 +0530 Wed, 12 Oct 2022 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428889 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant, directing the deletion of the penalty of Rs.6,62,100 imposed under section 271C of the Income Tax Act. The ITAT found that the issue had been consistently decided in favor of the assessee by previous Co-ordinate Benches of ITAT, Delhi, and no new arguments were presented to warrant a departure from the established precedent. The appeal was allowed, and the penalty was set aside on 25/08/2022. Case-Laws Income Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428889