https://www.taxtmi.com/caselaws?id=192401 The Tribunal allowed the appeal, ruling in favor of the assessee, as the penalty proceedings did not align with the grounds on which they were initiated. Emphasizing the necessity of consistency between the basis for penalty proceedings and the actual grounds for penalty imposition, the Tribunal quashed the penalty order citing legal precedents and principles of natural justice. en-us Fri, 24 Mar 2017 00:00:00 +0530 Mon, 29 May 2017 21:41:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192401 The Tribunal allowed the appeal, ruling in favor of the assessee, as the penalty proceedings did not align with the grounds on which they were initiated. Emphasizing the necessity of consistency between the basis for penalty proceedings and the actual grounds for penalty imposition, the Tribunal quashed the penalty order citing legal precedents and principles of natural justice. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192401