https://www.taxtmi.com/caselaws?id=277680 The Tribunal dismissed the appeals, upholding the validity of penalty proceedings under section 271(1)(c) of the Income Tax Act. It affirmed the applicability of Explanation 5A to section 271(1)(c) and confirmed the penalty levy of Rs. 7,66,320. The Tribunal found no violation of natural justice in the penalty notice and rejected the contention regarding the specificity of charges in the notice. en-us Mon, 19 Mar 2018 00:00:00 +0530 Tue, 18 Apr 2023 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277680 The Tribunal dismissed the appeals, upholding the validity of penalty proceedings under section 271(1)(c) of the Income Tax Act. It affirmed the applicability of Explanation 5A to section 271(1)(c) and confirmed the penalty levy of Rs. 7,66,320. The Tribunal found no violation of natural justice in the penalty notice and rejected the contention regarding the specificity of charges in the notice. Case-Laws Income Tax Mon, 19 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277680