https://www.taxtmi.com/caselaws?id=423991 The Appellate Tribunal allowed the appeal filed by the assessee primarily due to the improper initiation of penalty proceedings and subsequent invalidity of the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clarity in penalty notices and aligned penalty orders, highlighting the necessity for proper adherence to legal procedures in tax assessments and penalties. en-us Wed, 27 Apr 2022 00:00:00 +0530 Mon, 20 Jun 2022 08:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423991 The Appellate Tribunal allowed the appeal filed by the assessee primarily due to the improper initiation of penalty proceedings and subsequent invalidity of the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clarity in penalty notices and aligned penalty orders, highlighting the necessity for proper adherence to legal procedures in tax assessments and penalties. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423991