https://www.taxtmi.com/caselaws?id=375367 The Tribunal allowed the appeal, canceling the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act. The penalty was deemed invalid as the grounds for imposition were set aside by the Tribunal for reassessment. The Assessing Officer was directed to cancel the penalty, but was permitted to initiate fresh penalty proceedings based on the Tribunal's directions after completing reassessment. en-us Fri, 15 Feb 2019 00:00:00 +0530 Mon, 18 Feb 2019 06:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375367 The Tribunal allowed the appeal, canceling the penalty imposed by the Assessing Officer under section 271(1)(c) of the Income Tax Act. The penalty was deemed invalid as the grounds for imposition were set aside by the Tribunal for reassessment. The Assessing Officer was directed to cancel the penalty, but was permitted to initiate fresh penalty proceedings based on the Tribunal's directions after completing reassessment. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375367