https://www.taxtmi.com/caselaws?id=426192 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee by directing the deletion of the penalty levied under section 271B of the Income Tax Act, 1961. The tribunal found the show cause notice defective and invalid, vitiating the penalty. This decision resolved the primary grievance raised by the appellant, overshadowing the need to delve deeper into other issues raised, including the validity of the Commissioner of Income Tax (Appeals) order. The tribunal's focus on the penalty issue led to the overall allowance of the appeal solely based on this ground. en-us Wed, 03 Aug 2022 00:00:00 +0530 Tue, 09 Aug 2022 08:45:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426192 The Appellate Tribunal ITAT Mumbai allowed the appeal of the assessee by directing the deletion of the penalty levied under section 271B of the Income Tax Act, 1961. The tribunal found the show cause notice defective and invalid, vitiating the penalty. This decision resolved the primary grievance raised by the appellant, overshadowing the need to delve deeper into other issues raised, including the validity of the Commissioner of Income Tax (Appeals) order. The tribunal's focus on the penalty issue led to the overall allowance of the appeal solely based on this ground. Case-Laws Income Tax Wed, 03 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426192