No concealment penalty for exemption claimed by Assessee based on certificate issued by department

IN THE ITAT MUMBAI BENCH ‘L’ Additional Director of Income-tax (International Taxation)  V/s. R Liners Ltd. IT Appeal NOs. 851 (MUM.) OF 2009 and 209 & 210 (mum.) of 2010 [ASSESSMENT YEARs 2000-01 and 2001-02] JUNE 27, 2012 ORDER Amit Shukla, Judicial Member These are bunch of three appeals filed by the department relating to penalty proceedings under Section 271(1)(c) for the assessment year 2001-2002 & 2000-2001. Since the common issues are involved in all the three appeals, therefore, for the sake of convenience, all the three appeals are being disposed...