https://www.taxtmi.com/caselaws?id=371434 The Tribunal dismissed the Revenue's appeal against the penalty imposed under section 271AAB, upholding the ld. CIT(Appeals) order. The penalty proceedings initiated against a deceased individual were deemed invalid, following a decision of the Hon'ble Madras High Court. Consequently, the penalty imposed under section 271AAB was considered unsustainable in such circumstances. The Tribunal affirmed the ld. CIT(Appeals) decision, ultimately leading to the dismissal of the Revenue's appeal. en-us Fri, 30 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 09:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371434 The Tribunal dismissed the Revenue's appeal against the penalty imposed under section 271AAB, upholding the ld. CIT(Appeals) order. The penalty proceedings initiated against a deceased individual were deemed invalid, following a decision of the Hon'ble Madras High Court. Consequently, the penalty imposed under section 271AAB was considered unsustainable in such circumstances. The Tribunal affirmed the ld. CIT(Appeals) decision, ultimately leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371434