https://www.taxtmi.com/caselaws?id=286298 The Tribunal dismissed the revenue's appeal against the cancellation of the penalty imposed on the Assessee under section 271(1)(c) of the Income Tax Act. The cancellation was upheld due to the invalidity of the revised return filed by the Assessee and the defective show cause notice issued by the revenue. The Tribunal emphasized the significance of a valid notice and adherence to legal procedures in penalty cases, leading to the decision in favor of the Assessee. en-us Fri, 15 Feb 2019 00:00:00 +0530 Thu, 20 Feb 2020 10:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286298 The Tribunal dismissed the revenue's appeal against the cancellation of the penalty imposed on the Assessee under section 271(1)(c) of the Income Tax Act. The cancellation was upheld due to the invalidity of the revised return filed by the Assessee and the defective show cause notice issued by the revenue. The Tribunal emphasized the significance of a valid notice and adherence to legal procedures in penalty cases, leading to the decision in favor of the Assessee. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286298