https://www.taxtmi.com/caselaws?id=392454 The Appellate Tribunal held that a penalty imposed under section 271AAB of the Income Tax Act, 1961, without prior approval from the Joint Commissioner of Income Tax (JCIT) was void ab initio. The Tribunal dismissed the Department's Miscellaneous Applications seeking rectification of a typographical error in the penalty order date, emphasizing that rectification does not equate to a review or recall of the original order. The Tribunal upheld the original penalty order, emphasizing the importance of obtaining prior approval before imposing penalties under the Act. en-us Tue, 07 Jan 2020 00:00:00 +0530 Fri, 21 Feb 2020 10:21:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392454 The Appellate Tribunal held that a penalty imposed under section 271AAB of the Income Tax Act, 1961, without prior approval from the Joint Commissioner of Income Tax (JCIT) was void ab initio. The Tribunal dismissed the Department's Miscellaneous Applications seeking rectification of a typographical error in the penalty order date, emphasizing that rectification does not equate to a review or recall of the original order. The Tribunal upheld the original penalty order, emphasizing the importance of obtaining prior approval before imposing penalties under the Act. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392454