https://www.taxtmi.com/caselaws?id=312218 A penalty under section 271(1)(c) could not be sustained where its sole was a section 14A disallowance that had already been deleted in the quantum proceedings. Once the Tribunal deleted the disputed disallowance, the foundation for the penalty disappeared, and the penalty order could not survive. The Revenue's challenge therefore failed because the penalty was entirely dependent on an addition that no longer existed. en-us Wed, 25 May 2016 00:00:00 +0530 Wed, 07 Feb 2024 17:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312218 A penalty under section 271(1)(c) could not be sustained where its sole was a section 14A disallowance that had already been deleted in the quantum proceedings. Once the Tribunal deleted the disputed disallowance, the foundation for the penalty disappeared, and the penalty order could not survive. The Revenue's challenge therefore failed because the penalty was entirely dependent on an addition that no longer existed. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312218