https://www.taxtmi.com/caselaws?id=425068 The ITAT allowed both appeals of the assessee, directing the Assessing Officer to delete the penalties imposed under sections 271F and 272A(1)(d) of the IT Act. The judgment highlighted the significance of complying with notice requirements and the jurisdictional aspects of penalty proceedings in tax matters. The appeals were successful as the assessee had filed returns under the correct PAN, responded to notices, and demonstrated responsible conduct, leading to the penalties being deemed unsustainable and invalid. en-us Wed, 06 Jul 2022 00:00:00 +0530 Thu, 14 Jul 2022 22:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425068 The ITAT allowed both appeals of the assessee, directing the Assessing Officer to delete the penalties imposed under sections 271F and 272A(1)(d) of the IT Act. The judgment highlighted the significance of complying with notice requirements and the jurisdictional aspects of penalty proceedings in tax matters. The appeals were successful as the assessee had filed returns under the correct PAN, responded to notices, and demonstrated responsible conduct, leading to the penalties being deemed unsustainable and invalid. Case-Laws Income Tax Wed, 06 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425068