https://www.taxtmi.com/caselaws?id=343663 The Tribunal invalidated penalty proceedings under Section 271(1)(c) of the Income Tax Act for the assessment years 2005-06 and 2006-07. The penalties were deemed unjustified due to defective notices and income estimation without concrete evidence of concealment or inaccurate particulars. The Tribunal reversed the orders of the CIT(A) and AO, directing the deletion of penalties for both years. en-us Fri, 26 May 2017 00:00:00 +0530 Tue, 30 May 2017 06:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343663 The Tribunal invalidated penalty proceedings under Section 271(1)(c) of the Income Tax Act for the assessment years 2005-06 and 2006-07. The penalties were deemed unjustified due to defective notices and income estimation without concrete evidence of concealment or inaccurate particulars. The Tribunal reversed the orders of the CIT(A) and AO, directing the deletion of penalties for both years. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343663