https://www.taxtmi.com/caselaws?id=351988 The Appellate Tribunal allowed the appeal, canceling the penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found in favor of the assessee, citing invalid initiation of penalty proceedings due to lack of specificity and non-compliance with legal standards. The decision was not based on the case's merits but on procedural irregularities in the penalty proceedings' initiation. en-us Mon, 04 Dec 2017 00:00:00 +0530 Tue, 05 Dec 2017 08:02:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351988 The Appellate Tribunal allowed the appeal, canceling the penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found in favor of the assessee, citing invalid initiation of penalty proceedings due to lack of specificity and non-compliance with legal standards. The decision was not based on the case's merits but on procedural irregularities in the penalty proceedings' initiation. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351988