https://www.taxtmi.com/caselaws?id=384867 The Tribunal concluded that the penalty proceedings were not sustainable on both legal grounds and on merits. The notice issued was found to be defective, and the penalty was deemed unjustified due to the peculiar facts of the case where the income was offered in the subsequent year. Consequently, the appeal of the assessee was partly allowed, and the penalty was directed to be deleted. en-us Wed, 21 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384867 The Tribunal concluded that the penalty proceedings were not sustainable on both legal grounds and on merits. The notice issued was found to be defective, and the penalty was deemed unjustified due to the peculiar facts of the case where the income was offered in the subsequent year. Consequently, the appeal of the assessee was partly allowed, and the penalty was directed to be deleted. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384867