https://www.taxtmi.com/caselaws?id=397234 The appeal filed by the assessee was allowed, quashing the penalty proceedings initiated under Section 274 read with Section 271 AAA due to the invalidity of the penalty notice. The appeal filed by the revenue was dismissed, upholding the CIT(A)'s decision to delete the penalty on various additions. The Tribunal did not adjudicate the grounds on merit, deeming them academic in nature after quashing the penalty proceedings on legal grounds. en-us Fri, 07 Aug 2020 00:00:00 +0530 Mon, 28 Dec 2020 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397234 The appeal filed by the assessee was allowed, quashing the penalty proceedings initiated under Section 274 read with Section 271 AAA due to the invalidity of the penalty notice. The appeal filed by the revenue was dismissed, upholding the CIT(A)'s decision to delete the penalty on various additions. The Tribunal did not adjudicate the grounds on merit, deeming them academic in nature after quashing the penalty proceedings on legal grounds. Case-Laws Income Tax Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397234