https://www.taxtmi.com/caselaws?id=407601 The Tribunal allowed the appeals for both assessment years, quashing the penalties imposed under section 271(1)(c) of the Income Tax Act due to the defective initiation of penalty proceedings, as per the judgment of the Hon'ble Delhi High Court. The consistent approach was taken for both assessment years, leading to the favorable outcome for the assessee. en-us Mon, 10 May 2021 00:00:00 +0530 Sat, 15 May 2021 08:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407601 The Tribunal allowed the appeals for both assessment years, quashing the penalties imposed under section 271(1)(c) of the Income Tax Act due to the defective initiation of penalty proceedings, as per the judgment of the Hon'ble Delhi High Court. The consistent approach was taken for both assessment years, leading to the favorable outcome for the assessee. Case-Laws Income Tax Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407601