https://www.taxtmi.com/caselaws?id=416179 The High Court upheld the Tribunal's decision to cancel the penalty under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2007-08. The Court ruled in favor of the assessee, allowing the jurisdictional concerns raised regarding the defective notice. The Court emphasized the right of the assessee to raise such issues, even if raised for the first time, and affirmed the Tribunal as the final authority on factual matters. The Court dismissed the revenue's appeal, supporting the Tribunal's decision and answering the substantial questions of law against the revenue. en-us Wed, 15 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 07:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416179 The High Court upheld the Tribunal's decision to cancel the penalty under Section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2007-08. The Court ruled in favor of the assessee, allowing the jurisdictional concerns raised regarding the defective notice. The Court emphasized the right of the assessee to raise such issues, even if raised for the first time, and affirmed the Tribunal as the final authority on factual matters. The Court dismissed the revenue's appeal, supporting the Tribunal's decision and answering the substantial questions of law against the revenue. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416179