https://www.taxtmi.com/caselaws?id=19549 The Income-tax Appellate Tribunal deemed the return filed on March 11, 1987, as the only valid return for the assessment year 1986-87, setting aside the Commissioner (Appeals) order due to irregularities in notice issuance. The Tribunal canceled the penalty imposed based on the initial assessment, directing the Department to initiate penalty proceedings if necessary. The court refrained from assessing the returns' validity but referred specific questions of law raised by the Revenue for consideration, emphasizing adherence to legal procedures in assessments and penalties under the Income-tax Act, 1961. en-us Mon, 10 Oct 1994 00:00:00 +0530 Sat, 07 Nov 2009 10:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19549 The Income-tax Appellate Tribunal deemed the return filed on March 11, 1987, as the only valid return for the assessment year 1986-87, setting aside the Commissioner (Appeals) order due to irregularities in notice issuance. The Tribunal canceled the penalty imposed based on the initial assessment, directing the Department to initiate penalty proceedings if necessary. The court refrained from assessing the returns' validity but referred specific questions of law raised by the Revenue for consideration, emphasizing adherence to legal procedures in assessments and penalties under the Income-tax Act, 1961. Case-Laws Income Tax Mon, 10 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19549