https://www.taxtmi.com/caselaws?id=365370 The Tribunal allowed the appeal of the assessee, setting aside the penalty orders due to jurisdictional issues, defects in recording satisfaction, and inconsistencies between satisfaction and penalty imposition. The judgment emphasizes the importance of adhering to legal requirements and principles of natural justice in penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. en-us Wed, 08 Aug 2018 00:00:00 +0530 Thu, 16 Aug 2018 07:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365370 The Tribunal allowed the appeal of the assessee, setting aside the penalty orders due to jurisdictional issues, defects in recording satisfaction, and inconsistencies between satisfaction and penalty imposition. The judgment emphasizes the importance of adhering to legal requirements and principles of natural justice in penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365370