https://www.taxtmi.com/caselaws?id=357504 The Tribunal allowed the appeal, emphasizing the importance of specifying the grounds for penalty initiation to ensure procedural fairness. The judgment highlighted the need for alignment between the grounds for initiating penalty proceedings and those for imposing penalties, leading to the quashing of the penalty in this case. en-us Thu, 22 Mar 2018 00:00:00 +0530 Sat, 24 Mar 2018 08:39:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357504 The Tribunal allowed the appeal, emphasizing the importance of specifying the grounds for penalty initiation to ensure procedural fairness. The judgment highlighted the need for alignment between the grounds for initiating penalty proceedings and those for imposing penalties, leading to the quashing of the penalty in this case. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357504