https://www.taxtmi.com/caselaws?id=392444 The Tribunal allowed the appeal, canceling the penalty imposed under section 271BA of the Income Tax Act. The penalty was deemed unsustainable due to the omission of clause (i) of Section 92BA by the Finance Act, 2017, indicating that actions taken under the omitted provision are invalid. The judgment emphasized that penalties imposed under such provisions are not legally enforceable. en-us Mon, 17 Feb 2020 00:00:00 +0530 Thu, 20 Feb 2020 12:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392444 The Tribunal allowed the appeal, canceling the penalty imposed under section 271BA of the Income Tax Act. The penalty was deemed unsustainable due to the omission of clause (i) of Section 92BA by the Finance Act, 2017, indicating that actions taken under the omitted provision are invalid. The judgment emphasized that penalties imposed under such provisions are not legally enforceable. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392444