https://www.taxtmi.com/caselaws?id=754816 The ITAT Delhi allowed the assessee's appeal, setting aside the penalty imposed under Section 271(1)(c) of the Income Tax Act for A.Y. 2014-15. The penalty was deemed unsustainable as the AO altered the basis for its imposition. Consequently, the appeal was allowed, and the penalty was cancelled. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 29 Jun 2024 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754816 The ITAT Delhi allowed the assessee's appeal, setting aside the penalty imposed under Section 271(1)(c) of the Income Tax Act for A.Y. 2014-15. The penalty was deemed unsustainable as the AO altered the basis for its imposition. Consequently, the appeal was allowed, and the penalty was cancelled. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754816