https://www.taxtmi.com/caselaws?id=55356 The Tribunal allowed the assessee's appeal, canceling the penalty levied under Section 271(1)(c) of the Income Tax Act. It held that the claim of incentive commission was genuine, supported by evidence from recipients and the nature of the commission transactions. Additionally, the Tribunal deemed the enhancement of penalty by the CIT(A) without issuing a show-cause notice as lacking jurisdiction and vacated the directions to levy further penalty. en-us Mon, 16 Aug 1999 00:00:00 +0530 Thu, 25 Nov 2010 18:41:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55356 The Tribunal allowed the assessee's appeal, canceling the penalty levied under Section 271(1)(c) of the Income Tax Act. It held that the claim of incentive commission was genuine, supported by evidence from recipients and the nature of the commission transactions. Additionally, the Tribunal deemed the enhancement of penalty by the CIT(A) without issuing a show-cause notice as lacking jurisdiction and vacated the directions to levy further penalty. Case-Laws Income Tax Mon, 16 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55356