https://www.taxtmi.com/caselaws?id=368216 The Income Tax Appellate Tribunal (ITAT) held that the imposition of multiple penalties for a single default of non-compliance with a notice under section 142(1) of the Income Tax Act was unjustified. ITAT ruled that only one penalty could be imposed for one default, citing the case law precedent 'Swarnaben M. Khanna vs. DCIT.' Consequently, all penalties imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) were cancelled, and the appeals were allowed. en-us Thu, 27 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368216 The Income Tax Appellate Tribunal (ITAT) held that the imposition of multiple penalties for a single default of non-compliance with a notice under section 142(1) of the Income Tax Act was unjustified. ITAT ruled that only one penalty could be imposed for one default, citing the case law precedent 'Swarnaben M. Khanna vs. DCIT.' Consequently, all penalties imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) were cancelled, and the appeals were allowed. Case-Laws Income Tax Thu, 27 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368216