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<h1>Revenue appeal dismissed for penalty deletion by ITAT. Notices valid, but penalty lacked proper approval.</h1> The appeal by the Revenue against the deletion of a penalty imposed by the WTO on the assessee HUF was dismissed. The ITAT held that the notices were ... - The Revenue appealed against the deletion of a penalty of Rs. 1,830 imposed by the WTO for delayed filing of return by the assessee HUF for the assessment year 1964-65. The AAC set aside the penalty due to incorrect designation in the notices. However, the ITAT held that the notices were valid as the ITO was authorized to act as WTO. The appeal was dismissed as the penalty was imposed without the necessary approval of the Inspecting Asstt. CWT.