https://www.taxtmi.com/caselaws?id=349383 The penalties imposed under sections 271(1)(c) and 271AAA of the Income-tax Act for the assessment years 2007-08 and 2008-09 were deleted. The tribunal found procedural irregularities, including the lack of recorded satisfaction by the Assessing Officer and specificity in the show cause notices. The penalties were deleted due to these deficiencies in the penalty initiation process. en-us Mon, 09 Oct 2017 00:00:00 +0530 Thu, 12 Oct 2017 08:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349383 The penalties imposed under sections 271(1)(c) and 271AAA of the Income-tax Act for the assessment years 2007-08 and 2008-09 were deleted. The tribunal found procedural irregularities, including the lack of recorded satisfaction by the Assessing Officer and specificity in the show cause notices. The penalties were deleted due to these deficiencies in the penalty initiation process. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349383