https://www.taxtmi.com/caselaws?id=397914 The Tribunal allowed the appeals by the assessee, setting aside penalties confirmed under section 271G for the assessment years 2012-13, 2013-14, and 2014-15. The Tribunal concluded that the assessee complied with documentation requirements under Rule 10D, emphasizing that penalties cannot be sustained when notices are vague. The Tribunal highlighted the importance of specific notices and substantive compliance, following precedents to delete the penalties imposed. en-us Thu, 27 Aug 2020 00:00:00 +0530 Tue, 01 Sep 2020 13:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397914 The Tribunal allowed the appeals by the assessee, setting aside penalties confirmed under section 271G for the assessment years 2012-13, 2013-14, and 2014-15. The Tribunal concluded that the assessee complied with documentation requirements under Rule 10D, emphasizing that penalties cannot be sustained when notices are vague. The Tribunal highlighted the importance of specific notices and substantive compliance, following precedents to delete the penalties imposed. Case-Laws Income Tax Thu, 27 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397914