https://www.taxtmi.com/caselaws?id=23902 The High Court of Madhya Pradesh upheld the Tribunal's decision directing the Income-tax Officer to pass a fresh order under section 271(1)(c) of the Income-tax Act, 1961, instead of upholding the cancellation of the penalty imposed on the assessee for furnishing inadequate income particulars. The Court ruled that procedural irregularities, not affecting jurisdiction, can be rectified, citing precedent. The Court answered in favor of the Revenue, requiring the parties to bear their own costs in the reference. en-us Wed, 08 Mar 1989 00:00:00 +0530 Fri, 15 Jan 2010 11:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23902 The High Court of Madhya Pradesh upheld the Tribunal's decision directing the Income-tax Officer to pass a fresh order under section 271(1)(c) of the Income-tax Act, 1961, instead of upholding the cancellation of the penalty imposed on the assessee for furnishing inadequate income particulars. The Court ruled that procedural irregularities, not affecting jurisdiction, can be rectified, citing precedent. The Court answered in favor of the Revenue, requiring the parties to bear their own costs in the reference. Case-Laws Income Tax Wed, 08 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23902