https://www.taxtmi.com/caselaws?id=441527 The Tribunal allowed the appeal against the penalty order imposed under section 271(1)(c) of the Income-tax Act, 1961, for the assessment year 2009-10. The Tribunal held that since the addition to income, which was the basis for the penalty, had been deleted in the quantum proceedings, the penalty was not sustainable. Therefore, the penalty under section 271(1)(c) was deleted, and the appeal of the assessee was allowed. The decision was pronounced on 7th August 2023. en-us Mon, 07 Aug 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441527 The Tribunal allowed the appeal against the penalty order imposed under section 271(1)(c) of the Income-tax Act, 1961, for the assessment year 2009-10. The Tribunal held that since the addition to income, which was the basis for the penalty, had been deleted in the quantum proceedings, the penalty was not sustainable. Therefore, the penalty under section 271(1)(c) was deleted, and the appeal of the assessee was allowed. The decision was pronounced on 7th August 2023. Case-Laws Income Tax Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441527