https://www.taxtmi.com/caselaws?id=462778 The ITAT Delhi allowed the assessee's appeal against penalty u/s 271(1)(c) imposed on cash receipts from property sale. Since the underlying additions on which the penalty was based had already been deleted by the ITAT in the assessee's own case, the penalty could not survive. The tribunal held that without the primary addition, the penalty proceedings became unsustainable, resulting in the deletion of the disputed penalty. en-us Wed, 08 Nov 2017 00:00:00 +0530 Tue, 15 Jul 2025 19:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462778 The ITAT Delhi allowed the assessee's appeal against penalty u/s 271(1)(c) imposed on cash receipts from property sale. Since the underlying additions on which the penalty was based had already been deleted by the ITAT in the assessee's own case, the penalty could not survive. The tribunal held that without the primary addition, the penalty proceedings became unsustainable, resulting in the deletion of the disputed penalty. Case-Laws Income Tax Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462778