https://www.taxtmi.com/caselaws?id=291919 The Tribunal ruled that imposing a penalty under section 271AAA after completing an assessment under section 143(3) read with section 153C of the Income Tax Act is invalid. The penalty initiation must align with the correct sections of the Act, as demonstrated in cases where penalties were quashed due to incorrect procedural steps. The judgment emphasizes the necessity for precise adherence to statutory provisions when initiating penalty proceedings. en-us Fri, 11 Aug 2017 00:00:00 +0530 Mon, 30 Nov 2020 19:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291919 The Tribunal ruled that imposing a penalty under section 271AAA after completing an assessment under section 143(3) read with section 153C of the Income Tax Act is invalid. The penalty initiation must align with the correct sections of the Act, as demonstrated in cases where penalties were quashed due to incorrect procedural steps. The judgment emphasizes the necessity for precise adherence to statutory provisions when initiating penalty proceedings. Case-Laws Income Tax Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291919