https://www.taxtmi.com/caselaws?id=61804 The Tribunal quashed the penalty levy under Section 271(1)(c) of the Income Tax Act due to non-compliance with principles of natural justice. The decision was based on the failure to provide the assessee with a fair opportunity to defend against evidence collected without its knowledge, impacting both assessment and penalty proceedings. The Tribunal highlighted the significance of upholding natural justice principles, stating that any violation undermines the validity of the proceedings. en-us Tue, 16 Oct 1990 00:00:00 +0530 Sat, 15 Jan 2011 11:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61804 The Tribunal quashed the penalty levy under Section 271(1)(c) of the Income Tax Act due to non-compliance with principles of natural justice. The decision was based on the failure to provide the assessee with a fair opportunity to defend against evidence collected without its knowledge, impacting both assessment and penalty proceedings. The Tribunal highlighted the significance of upholding natural justice principles, stating that any violation undermines the validity of the proceedings. Case-Laws Income Tax Tue, 16 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61804