https://www.taxtmi.com/caselaws?id=352521 The tribunal held that the penalty of Rs. 15,20,000/- was unjustified and illegal due to invalid jurisdiction assumption, lack of clarity in the penalty notice, and failure to record proper satisfaction. The penalty was ordered to be deleted, and the assessee's appeal was allowed. Other issues raised were not addressed as the penalty deletion was based on jurisdictional grounds. en-us Tue, 21 Nov 2017 00:00:00 +0530 Wed, 28 Feb 2018 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352521 The tribunal held that the penalty of Rs. 15,20,000/- was unjustified and illegal due to invalid jurisdiction assumption, lack of clarity in the penalty notice, and failure to record proper satisfaction. The penalty was ordered to be deleted, and the assessee's appeal was allowed. Other issues raised were not addressed as the penalty deletion was based on jurisdictional grounds. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352521