https://www.taxtmi.com/caselaws?id=782306 HC dismissed Revenue's appeal against deletion of penalty under Section 271(1)(c). The assessee had initially faced penalty for alleged concealment arising from denial of Section 10A exemption and addition of Rs. 1.79 crores towards capitalization of business development expenses. In penalty proceedings, CIT(A) cancelled penalty relating to Section 10A but sustained it for Rs. 1.79 crores; only the assessee appealed. ITAT deleted the remaining penalty. As the assessee ultimately succeeded fully in the quantum proceedings, HC held no penalty could survive and found no substantial question of law. en-us Wed, 19 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782306 HC dismissed Revenue's appeal against deletion of penalty under Section 271(1)(c). The assessee had initially faced penalty for alleged concealment arising from denial of Section 10A exemption and addition of Rs. 1.79 crores towards capitalization of business development expenses. In penalty proceedings, CIT(A) cancelled penalty relating to Section 10A but sustained it for Rs. 1.79 crores; only the assessee appealed. ITAT deleted the remaining penalty. As the assessee ultimately succeeded fully in the quantum proceedings, HC held no penalty could survive and found no substantial question of law. Case-Laws Income Tax Wed, 19 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782306