https://www.taxtmi.com/caselaws?id=375957 The Tribunal allowed the appeal, setting aside the penalty imposed under section 158BFA(2) of the Income-tax Act. The decision was based on jurisdictional issues concerning the assessment under section 158BC due to the absence of a search warrant against the assessee. The Tribunal emphasized the importance of proper jurisdiction and procedural fairness in penalty proceedings, highlighting the need for penalties to be imposed lawfully and in compliance with the principles of natural justice. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 28 Feb 2019 07:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375957 The Tribunal allowed the appeal, setting aside the penalty imposed under section 158BFA(2) of the Income-tax Act. The decision was based on jurisdictional issues concerning the assessment under section 158BC due to the absence of a search warrant against the assessee. The Tribunal emphasized the importance of proper jurisdiction and procedural fairness in penalty proceedings, highlighting the need for penalties to be imposed lawfully and in compliance with the principles of natural justice. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375957