https://www.taxtmi.com/caselaws?id=393354 The High Court dismissed the appeal by the Revenue, upholding the Tribunal's decision to delete the penalty imposed under Section 105(a) of the Securities Transaction Tax (STT) for the financial year 2006-07. The Court emphasized the importance of providing a reasonable opportunity for the assessee to be heard before imposing penalties and clarified the conditions under which relief from penalty can be granted under Sections 105 and 108 of the Finance (No.2) Act, 2004. en-us Mon, 03 Feb 2020 00:00:00 +0530 Fri, 13 Mar 2020 13:12:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393354 The High Court dismissed the appeal by the Revenue, upholding the Tribunal's decision to delete the penalty imposed under Section 105(a) of the Securities Transaction Tax (STT) for the financial year 2006-07. The Court emphasized the importance of providing a reasonable opportunity for the assessee to be heard before imposing penalties and clarified the conditions under which relief from penalty can be granted under Sections 105 and 108 of the Finance (No.2) Act, 2004. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393354