https://www.taxtmi.com/caselaws?id=396960 The High Court allowed the appeals, set aside the penalty orders imposed under Sections 271D and 271E of the Income Tax Act, and remanded the matters to the Tribunal for fresh consideration. The Court emphasized the importance of applying consistent legal principles and considering previous rulings in similar cases to ensure fair and just decisions. The Tribunal's failure to adequately justify its decision to reverse the penalties imposed by the Assessing Officer led to the Court's decision to remand the matters for reconsideration. en-us Mon, 13 Jul 2020 00:00:00 +0530 Mon, 09 Nov 2020 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396960 The High Court allowed the appeals, set aside the penalty orders imposed under Sections 271D and 271E of the Income Tax Act, and remanded the matters to the Tribunal for fresh consideration. The Court emphasized the importance of applying consistent legal principles and considering previous rulings in similar cases to ensure fair and just decisions. The Tribunal's failure to adequately justify its decision to reverse the penalties imposed by the Assessing Officer led to the Court's decision to remand the matters for reconsideration. Case-Laws Income Tax Mon, 13 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396960