https://www.taxtmi.com/caselaws?id=380590 The appeals challenged penalties imposed under section 271AAB of the Income Tax Act for Assessment Year 2014-15 without prior approval from the Joint Commissioner. The penalties were deemed void abinitio due to the absence of prior approval, leading to their deletion. The court emphasized the mandatory nature of obtaining approval before imposing such penalties. Both appeals were allowed in favor of the assessees, setting aside the penalties. The judgment highlighted the procedural irregularity in imposing penalties under the Income Tax Act and was pronounced on 21.05.2019. en-us Tue, 21 May 2019 00:00:00 +0530 Fri, 24 May 2019 12:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380590 The appeals challenged penalties imposed under section 271AAB of the Income Tax Act for Assessment Year 2014-15 without prior approval from the Joint Commissioner. The penalties were deemed void abinitio due to the absence of prior approval, leading to their deletion. The court emphasized the mandatory nature of obtaining approval before imposing such penalties. Both appeals were allowed in favor of the assessees, setting aside the penalties. The judgment highlighted the procedural irregularity in imposing penalties under the Income Tax Act and was pronounced on 21.05.2019. Case-Laws Income Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380590