https://www.taxtmi.com/caselaws?id=377144 The High Court upheld the Tribunal's decision to set aside the penalty against the legal representative, ruling in favor of the Assessee and dismissing the Revenue's appeals. The Court emphasized that penalty proceedings must be concluded during the assessee's lifetime to hold legal representatives accountable, citing precedents from the Gujarat and Madras High Courts. The judgment underscores the significance of establishing the guilty intent of the assessee for penalty imposition and ensuring fair application of penalty provisions under the Income Tax Act. en-us Thu, 21 Feb 2019 00:00:00 +0530 Fri, 20 Sep 2019 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377144 The High Court upheld the Tribunal's decision to set aside the penalty against the legal representative, ruling in favor of the Assessee and dismissing the Revenue's appeals. The Court emphasized that penalty proceedings must be concluded during the assessee's lifetime to hold legal representatives accountable, citing precedents from the Gujarat and Madras High Courts. The judgment underscores the significance of establishing the guilty intent of the assessee for penalty imposition and ensuring fair application of penalty provisions under the Income Tax Act. Case-Laws Income Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377144