https://www.taxtmi.com/caselaws?id=61264 The Tribunal dismissed the revenue's appeal, upholding the cancellation of the penalty under section 271(1)(c) by the Commissioner (Appeals) due to the absence of tax payable by the assessee and in accordance with the legal interpretations of total income assessed and tax sought to be evaded. en-us Sat, 30 Jul 1983 00:00:00 +0530 Wed, 12 Jan 2011 10:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61264 The Tribunal dismissed the revenue's appeal, upholding the cancellation of the penalty under section 271(1)(c) by the Commissioner (Appeals) due to the absence of tax payable by the assessee and in accordance with the legal interpretations of total income assessed and tax sought to be evaded. Case-Laws Income Tax Sat, 30 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61264