https://www.taxtmi.com/caselaws?id=412567 The Appellate Tribunal cancelled the penalty under section 271(1)(c) of the Income Tax Act as it was imposed without proper initiation and show cause notice, violated natural justice, and lacked basis after corresponding additions were deleted by ITAT. The appeal was allowed, and the penalty was cancelled in light of the Tribunal's findings. en-us Tue, 30 Mar 2021 00:00:00 +0530 Wed, 22 Sep 2021 06:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412567 The Appellate Tribunal cancelled the penalty under section 271(1)(c) of the Income Tax Act as it was imposed without proper initiation and show cause notice, violated natural justice, and lacked basis after corresponding additions were deleted by ITAT. The appeal was allowed, and the penalty was cancelled in light of the Tribunal's findings. Case-Laws Income Tax Tue, 30 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412567