https://www.taxtmi.com/caselaws?id=187200 The Tribunal ruled in favor of the appellant, quashing the penalty imposed under section 269 T and 271 E. The penalty was deemed to be based on technical considerations rather than valid legal grounds. The initiation of penalty proceedings without a regular assessment was found improper, leading to the penalty order being overturned. The Tribunal found procedural irregularities and a lack of legal basis for the penalty imposition, ultimately ruling in favor of the appellant. en-us Tue, 02 Feb 2010 00:00:00 +0530 Thu, 13 Oct 2016 15:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187200 The Tribunal ruled in favor of the appellant, quashing the penalty imposed under section 269 T and 271 E. The penalty was deemed to be based on technical considerations rather than valid legal grounds. The initiation of penalty proceedings without a regular assessment was found improper, leading to the penalty order being overturned. The Tribunal found procedural irregularities and a lack of legal basis for the penalty imposition, ultimately ruling in favor of the appellant. Case-Laws Income Tax Tue, 02 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187200