https://www.taxtmi.com/caselaws?id=177130 The Tribunal allowed the appeal of the assessee, holding that the penalty under section 271(1)(c) was not justified due to the invalid notice, lack of satisfaction recorded by the A.O., and the bona fide explanation provided by the assessee. The penalty proceedings were found to be void ab initio, and the penalty was deleted. en-us Wed, 29 Jan 2014 00:00:00 +0530 Sat, 30 Dec 2017 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177130 The Tribunal allowed the appeal of the assessee, holding that the penalty under section 271(1)(c) was not justified due to the invalid notice, lack of satisfaction recorded by the A.O., and the bona fide explanation provided by the assessee. The penalty proceedings were found to be void ab initio, and the penalty was deleted. Case-Laws Income Tax Wed, 29 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177130