https://www.taxtmi.com/caselaws?id=333196 The Tribunal partially allowed the appeal, setting aside the CIT's direction to initiate penalty proceedings under Section 271(1)(c) but upheld the CIT's observation that the assessment was completed in haste and without proper verification, making it erroneous and prejudicial to the interests of the Revenue. The order was pronounced on 17th August 2016. en-us Wed, 17 Aug 2016 00:00:00 +0530 Thu, 06 Oct 2016 12:28:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333196 The Tribunal partially allowed the appeal, setting aside the CIT's direction to initiate penalty proceedings under Section 271(1)(c) but upheld the CIT's observation that the assessment was completed in haste and without proper verification, making it erroneous and prejudicial to the interests of the Revenue. The order was pronounced on 17th August 2016. Case-Laws Income Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333196