https://www.taxtmi.com/caselaws?id=404176 The Tribunal quashed the penalty order imposed under section 271AAB of the Income Tax Act, finding that the penalty did not meet the legal and procedural requirements. The appeal was allowed, and the penalty was deemed bad in law. The judgment emphasizes the significance of complying with specific definitions and procedural safeguards in penalty proceedings under the Income Tax Act. en-us Thu, 11 Feb 2021 00:00:00 +0530 Fri, 30 Apr 2021 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404176 The Tribunal quashed the penalty order imposed under section 271AAB of the Income Tax Act, finding that the penalty did not meet the legal and procedural requirements. The appeal was allowed, and the penalty was deemed bad in law. The judgment emphasizes the significance of complying with specific definitions and procedural safeguards in penalty proceedings under the Income Tax Act. Case-Laws Income Tax Thu, 11 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404176