https://www.taxtmi.com/caselaws?id=409372 The Tribunal remitted the issues of taxability of notional income and calculation of net export incentives back to the Assessing Officer for fresh adjudication, following precedent. The penalty under section 271(1)(c) was deleted due to a defective penalty notice that did not meet legal standards, in line with a High Court ruling. The appeal was allowed for statistical purposes. en-us Mon, 28 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409372 The Tribunal remitted the issues of taxability of notional income and calculation of net export incentives back to the Assessing Officer for fresh adjudication, following precedent. The penalty under section 271(1)(c) was deleted due to a defective penalty notice that did not meet legal standards, in line with a High Court ruling. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409372