https://www.taxtmi.com/caselaws?id=380967 The Tribunal quashed and set aside penalty orders for assessment years 1998-99 to 2001-02, ruling in favor of the appellant due to discrepancies in penalty initiation and imposition. The penalties were found to be based on concealment of income rather than inaccurate particulars, leading to a procedural error. The Tribunal deemed the penalty orders invalid and allowed the appeals, with the judgment delivered by ITAT Delhi on 29th May 2019. en-us Wed, 29 May 2019 00:00:00 +0530 Fri, 31 May 2019 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380967 The Tribunal quashed and set aside penalty orders for assessment years 1998-99 to 2001-02, ruling in favor of the appellant due to discrepancies in penalty initiation and imposition. The penalties were found to be based on concealment of income rather than inaccurate particulars, leading to a procedural error. The Tribunal deemed the penalty orders invalid and allowed the appeals, with the judgment delivered by ITAT Delhi on 29th May 2019. Case-Laws Income Tax Wed, 29 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380967