https://www.taxtmi.com/caselaws?id=405026 The Tribunal found in favor of the appellant, ruling that the penalty proceedings were unsustainable due to lack of valid satisfaction by the AO, ambiguity in the penalty notice, and voluntary disclosure of interest income. Citing judicial precedents, the Tribunal deemed the penalty imposition invalid and ambiguous, ordering deletion of the penalty and allowing the appeal. The decision was issued on March 3, 2021. en-us Wed, 03 Mar 2021 00:00:00 +0530 Wed, 10 Mar 2021 08:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405026 The Tribunal found in favor of the appellant, ruling that the penalty proceedings were unsustainable due to lack of valid satisfaction by the AO, ambiguity in the penalty notice, and voluntary disclosure of interest income. Citing judicial precedents, the Tribunal deemed the penalty imposition invalid and ambiguous, ordering deletion of the penalty and allowing the appeal. The decision was issued on March 3, 2021. Case-Laws Income Tax Wed, 03 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405026