https://www.taxtmi.com/caselaws?id=440883 The penalty levied under section 271(1)(c) for assessment years 2011-12 and 2012-13 was deleted by the CIT(A) and upheld by the Tribunal. The Tribunal ruled that when additions are deleted in the quantum appeal, penalties cannot be sustained. The appeals filed by the Revenue for both assessment years were dismissed, as no basis existed for the penalty due to the deletions made in the assessment orders. en-us Tue, 25 Jul 2023 00:00:00 +0530 Thu, 27 Jul 2023 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440883 The penalty levied under section 271(1)(c) for assessment years 2011-12 and 2012-13 was deleted by the CIT(A) and upheld by the Tribunal. The Tribunal ruled that when additions are deleted in the quantum appeal, penalties cannot be sustained. The appeals filed by the Revenue for both assessment years were dismissed, as no basis existed for the penalty due to the deletions made in the assessment orders. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440883