https://www.taxtmi.com/caselaws?id=362454 The Tribunal allowed the Assessee's appeals for assessment years 2008-09 to 2014-15, deleting the penalty of Rs. 10,000 imposed under section 271(1)(b) of the Income Tax Act. The Tribunal found that the penalty was not sustainable as no statutory notice was issued to the Assessee for a hearing before imposition, and there was a lack of recorded satisfaction for initiating penalty proceedings. Consequently, the penalty was deemed invalid, leading to the deletion of penalties for all assessment years and allowing all appeals filed by the Assessee. en-us Fri, 22 Jun 2018 00:00:00 +0530 Wed, 22 Sep 2021 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362454 The Tribunal allowed the Assessee's appeals for assessment years 2008-09 to 2014-15, deleting the penalty of Rs. 10,000 imposed under section 271(1)(b) of the Income Tax Act. The Tribunal found that the penalty was not sustainable as no statutory notice was issued to the Assessee for a hearing before imposition, and there was a lack of recorded satisfaction for initiating penalty proceedings. Consequently, the penalty was deemed invalid, leading to the deletion of penalties for all assessment years and allowing all appeals filed by the Assessee. Case-Laws Income Tax Fri, 22 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362454