https://www.taxtmi.com/caselaws?id=392068 The Tribunal dismissed the Revenue's appeals, upholding the deletion of penalties by the CIT(A) for all assessment years. The Tribunal found that the penalty notices were defective as they did not specify the grounds for penalty, rendering the penalty proceedings invalid. It emphasized that the defect in the notices violated natural justice and could not be cured by Section 292B. Additionally, the Tribunal applied CBDT Circular No.3/2018 to limit the Revenue's appeal based on the nature of the penalties imposed. en-us Mon, 10 Feb 2020 00:00:00 +0530 Wed, 24 Jun 2020 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392068 The Tribunal dismissed the Revenue's appeals, upholding the deletion of penalties by the CIT(A) for all assessment years. The Tribunal found that the penalty notices were defective as they did not specify the grounds for penalty, rendering the penalty proceedings invalid. It emphasized that the defect in the notices violated natural justice and could not be cured by Section 292B. Additionally, the Tribunal applied CBDT Circular No.3/2018 to limit the Revenue's appeal based on the nature of the penalties imposed. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392068