https://www.taxtmi.com/caselaws?id=384164 The Tribunal set aside the CIT(A)'s order and deleted the penalty imposed by the AO for Assessment Year 2003-04. The penalty was canceled due to procedural defects and lack of appeal against the deletion of quantum additions by ITAT, resulting in no enforceable demand for penalties. The decision in August 2019 favored the assessee, resolving the penalty dispute in their favor. en-us Fri, 02 Aug 2019 00:00:00 +0530 Tue, 06 Aug 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384164 The Tribunal set aside the CIT(A)'s order and deleted the penalty imposed by the AO for Assessment Year 2003-04. The penalty was canceled due to procedural defects and lack of appeal against the deletion of quantum additions by ITAT, resulting in no enforceable demand for penalties. The decision in August 2019 favored the assessee, resolving the penalty dispute in their favor. Case-Laws Income Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384164