https://www.taxtmi.com/caselaws?id=470544 Penalty cannot survive once deletion of the corresponding quantum addition is confirmed. As the quantum addition formed the basis for the penalty, its confirmed deletion removes the foundation for imposing penalty. The penalty is therefore not sustainable in favour of the assessee. en-us Wed, 17 Nov 2021 00:00:00 +0530 Thu, 30 Jul 2026 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470544 Penalty cannot survive once deletion of the corresponding quantum addition is confirmed. As the quantum addition formed the basis for the penalty, its confirmed deletion removes the foundation for imposing penalty. The penalty is therefore not sustainable in favour of the assessee. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470544