https://www.taxtmi.com/caselaws?id=336704 The appeal filed by the assessee was allowed, and the appeal of the Revenue was dismissed. The Tribunal set aside the penalty proceedings initiated by the Assessing Officer due to non-application of mind and the issuance of an incorrect notice. The Tribunal did not address the merits of the arguments regarding Explanation 5A and the voluntariness of the income offer due to the preliminary issue's resolution. en-us Wed, 21 Dec 2016 00:00:00 +0530 Tue, 27 Dec 2016 19:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336704 The appeal filed by the assessee was allowed, and the appeal of the Revenue was dismissed. The Tribunal set aside the penalty proceedings initiated by the Assessing Officer due to non-application of mind and the issuance of an incorrect notice. The Tribunal did not address the merits of the arguments regarding Explanation 5A and the voluntariness of the income offer due to the preliminary issue's resolution. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336704