https://www.taxtmi.com/caselaws?id=397256 The Tribunal quashed the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, holding that since the assessee was assessed under Section 115JB, the penalty could not be imposed for additions made under normal provisions. The penalty order was deemed invalid, and the appeal was allowed, setting aside the penalty. en-us Fri, 07 Aug 2020 00:00:00 +0530 Mon, 10 Aug 2020 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397256 The Tribunal quashed the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, holding that since the assessee was assessed under Section 115JB, the penalty could not be imposed for additions made under normal provisions. The penalty order was deemed invalid, and the appeal was allowed, setting aside the penalty. Case-Laws Income Tax Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397256