https://www.taxtmi.com/caselaws?id=189125 The Tribunal found the penalty orders invalid due to defective show cause notices and improper application of penalty provisions under the Income Tax Act, 1961. Consequently, the penalties imposed for the assessment years 2006-07, 2008-09, and 2009-10 were canceled. The appeals were allowed, and the stay petitions were dismissed as infructuous. en-us Thu, 05 Jun 2014 00:00:00 +0530 Thu, 29 Dec 2016 10:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189125 The Tribunal found the penalty orders invalid due to defective show cause notices and improper application of penalty provisions under the Income Tax Act, 1961. Consequently, the penalties imposed for the assessment years 2006-07, 2008-09, and 2009-10 were canceled. The appeals were allowed, and the stay petitions were dismissed as infructuous. Case-Laws Income Tax Thu, 05 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189125