https://www.taxtmi.com/caselaws?id=249221 The penalty for the assessment year 2005-06 was quashed due to procedural non-compliance, as the penalty order lacked the required prior approval. For the assessment year 2006-07, the penalty was canceled based on the bonafide explanation provided by the assessee regarding unexplained cash deposits. The appeals filed by the assessee were allowed in both cases, with the legal representative of the deceased assessee being allowed to represent and present the case. en-us Wed, 02 Jul 2014 00:00:00 +0530 Tue, 08 Jul 2014 08:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249221 The penalty for the assessment year 2005-06 was quashed due to procedural non-compliance, as the penalty order lacked the required prior approval. For the assessment year 2006-07, the penalty was canceled based on the bonafide explanation provided by the assessee regarding unexplained cash deposits. The appeals filed by the assessee were allowed in both cases, with the legal representative of the deceased assessee being allowed to represent and present the case. Case-Laws Income Tax Wed, 02 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249221