https://www.taxtmi.com/caselaws?id=61289 The Tribunal upheld the cancellation of the penalty under section 271(1)(c) by the AAC, emphasizing the importance of the timing of penalty imposition in relation to the final determination of income and the legal provisions applicable at the time of filing the return. The appeal of the Revenue was dismissed based on the findings related to the unauthorized penalty imposition and the timing of the penalty order. en-us Wed, 23 Feb 1983 00:00:00 +0530 Wed, 12 Jan 2011 10:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61289 The Tribunal upheld the cancellation of the penalty under section 271(1)(c) by the AAC, emphasizing the importance of the timing of penalty imposition in relation to the final determination of income and the legal provisions applicable at the time of filing the return. The appeal of the Revenue was dismissed based on the findings related to the unauthorized penalty imposition and the timing of the penalty order. Case-Laws Income Tax Wed, 23 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61289