https://www.taxtmi.com/caselaws?id=355857 The Tribunal deleted the penalty of Rs. 4,80,525, concluding that in the given circumstances, penalty could not be levied. The appeal filed by the assessee was allowed, emphasizing that the AO's failure to provide an opportunity for cross-examination and the lack of clarity in the penalty notice were significant factors in the decision. en-us Mon, 12 Feb 2018 00:00:00 +0530 Tue, 20 Feb 2018 06:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355857 The Tribunal deleted the penalty of Rs. 4,80,525, concluding that in the given circumstances, penalty could not be levied. The appeal filed by the assessee was allowed, emphasizing that the AO's failure to provide an opportunity for cross-examination and the lack of clarity in the penalty notice were significant factors in the decision. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355857