https://www.taxtmi.com/caselaws?id=351274 The Tribunal allowed the assessee's appeals, holding that the penalty notices issued under section 274 read with section 271(1)(c) were invalid due to non-application of mind by the AO, as evidenced by the failure to strike off irrelevant portions. Consequently, the penalties imposed for the assessment years 1997-98, 1999-2000, and 2004-05 were deleted. The Tribunal did not consider other arguments raised by the assessee, as the issue of invalid penalty notices was decisive in favor of the assessee. en-us Fri, 17 Nov 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:25:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351274 The Tribunal allowed the assessee's appeals, holding that the penalty notices issued under section 274 read with section 271(1)(c) were invalid due to non-application of mind by the AO, as evidenced by the failure to strike off irrelevant portions. Consequently, the penalties imposed for the assessment years 1997-98, 1999-2000, and 2004-05 were deleted. The Tribunal did not consider other arguments raised by the assessee, as the issue of invalid penalty notices was decisive in favor of the assessee. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351274