https://www.taxtmi.com/caselaws?id=307906 The Tribunal allowed the appeals filed by the assessee, leading to the deletion of penalty orders under section 271(1)(c) of the Act for assessment years 2006-07, 2007-08, 2008-09, and 2009-10. The Tribunal found that the penalty proceedings were unjustified due to previous deletions of additions made by the AO in quantum appeals for those years. Consequently, the penalty orders were deleted, with the possibility for the AO to initiate fresh penalty proceedings if new additions were made after conducting fresh assessments. en-us Fri, 16 Dec 2022 00:00:00 +0530 Tue, 16 May 2023 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307906 The Tribunal allowed the appeals filed by the assessee, leading to the deletion of penalty orders under section 271(1)(c) of the Act for assessment years 2006-07, 2007-08, 2008-09, and 2009-10. The Tribunal found that the penalty proceedings were unjustified due to previous deletions of additions made by the AO in quantum appeals for those years. Consequently, the penalty orders were deleted, with the possibility for the AO to initiate fresh penalty proceedings if new additions were made after conducting fresh assessments. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307906