https://www.taxtmi.com/caselaws?id=380593 The appeal by the Revenue against the deletion of penalty under section 271(1)(c) of the Income Tax Act for the Assessment year 2014-15 was partly allowed for statistical purposes. The Tribunal held that the penalty should not have been deleted solely based on technical grounds related to the show cause notice. The matter was remanded for further adjudication on the substantive aspects of the penalty imposition, emphasizing the need to consider merits beyond procedural formalities. The decision underscored the importance of evaluating the substantive grounds for penalty imposition rather than focusing solely on technicalities. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 24 May 2019 12:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380593 The appeal by the Revenue against the deletion of penalty under section 271(1)(c) of the Income Tax Act for the Assessment year 2014-15 was partly allowed for statistical purposes. The Tribunal held that the penalty should not have been deleted solely based on technical grounds related to the show cause notice. The matter was remanded for further adjudication on the substantive aspects of the penalty imposition, emphasizing the need to consider merits beyond procedural formalities. The decision underscored the importance of evaluating the substantive grounds for penalty imposition rather than focusing solely on technicalities. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380593