https://www.taxtmi.com/caselaws?id=432006 The Tribunal allowed the appeals filed by the assessee against the penalty orders imposed under Section 271C of the Income Tax Act. It held that the settlement under the Vivad se Vishwas Scheme for a dispute related to quantum proceedings rendered the penalty unjustified. Relying on a precedent where penalties were deleted post-VSVS settlement, the Tribunal invalidated the penalties imposed by the Department and upheld by the CIT(A). en-us Fri, 23 Dec 2022 00:00:00 +0530 Mon, 26 Dec 2022 09:10:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432006 The Tribunal allowed the appeals filed by the assessee against the penalty orders imposed under Section 271C of the Income Tax Act. It held that the settlement under the Vivad se Vishwas Scheme for a dispute related to quantum proceedings rendered the penalty unjustified. Relying on a precedent where penalties were deleted post-VSVS settlement, the Tribunal invalidated the penalties imposed by the Department and upheld by the CIT(A). Case-Laws Income Tax Fri, 23 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432006