https://www.taxtmi.com/caselaws?id=400248 The Tribunal reversed the lower authorities' decision and canceled the penalty imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15. The penalty notice was deemed unsustainable due to the failure to strike off twin charges, as per judicial precedents cited from the Delhi High Court and Karnataka High Court. Consequently, the appellant's appeal was allowed, and the penalty was annulled, rendering other grounds of appeal moot. en-us Mon, 28 Sep 2020 00:00:00 +0530 Mon, 02 Nov 2020 14:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400248 The Tribunal reversed the lower authorities' decision and canceled the penalty imposed under Section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15. The penalty notice was deemed unsustainable due to the failure to strike off twin charges, as per judicial precedents cited from the Delhi High Court and Karnataka High Court. Consequently, the appellant's appeal was allowed, and the penalty was annulled, rendering other grounds of appeal moot. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400248