https://www.taxtmi.com/caselaws?id=437544 The ITAT held that the dismissal of the appeal by the ld.CIT(A) was incorrect. The penalty levied under section 271(1)(c) for concealing income was unjustified as the addition was previously deleted by the ITAT. Consequently, the penalty was canceled, and the appeal was allowed in favor of the assessee. en-us Wed, 15 Feb 2023 00:00:00 +0530 Mon, 08 May 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437544 The ITAT held that the dismissal of the appeal by the ld.CIT(A) was incorrect. The penalty levied under section 271(1)(c) for concealing income was unjustified as the addition was previously deleted by the ITAT. Consequently, the penalty was canceled, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437544