https://www.taxtmi.com/caselaws?id=411085 The appeal was filed against an order under Section 260A of the Income Tax Act, 1961, for the assessment year 2006-07. The High Court upheld the order of the CIT(A) directing the Assessing Officer to delete the penalty imposed under Section 271G of the Act. The Court found the penalty imposition unjustified, considering the assessee's compliance with most requirements and lack of evidence showing lack of bonafide conduct or negligence. The Court also deemed the notice issued under Section 92D(3) as valid, dismissing claims of defectiveness. The appeal was dismissed, and the substantial question of law was answered against the Revenue. en-us Thu, 05 Aug 2021 00:00:00 +0530 Tue, 17 Aug 2021 09:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411085 The appeal was filed against an order under Section 260A of the Income Tax Act, 1961, for the assessment year 2006-07. The High Court upheld the order of the CIT(A) directing the Assessing Officer to delete the penalty imposed under Section 271G of the Act. The Court found the penalty imposition unjustified, considering the assessee's compliance with most requirements and lack of evidence showing lack of bonafide conduct or negligence. The Court also deemed the notice issued under Section 92D(3) as valid, dismissing claims of defectiveness. The appeal was dismissed, and the substantial question of law was answered against the Revenue. Case-Laws Income Tax Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411085