https://www.taxtmi.com/caselaws?id=426542 The Tribunal found in favor of the assessee on multiple grounds, including violation of Principles of Natural Justice due to passing an ex parte order without a hearing opportunity, levying penalty without recording mandatory satisfaction, defects in the show cause notice, confirmation of an excessive penalty, and issues related to the quantification and limitation of the penalty. The Tribunal emphasized the importance of procedural fairness and legal compliance in penalty imposition, leading to a decision in favor of the assessee on various grounds. en-us Wed, 20 Jul 2022 00:00:00 +0530 Thu, 18 Aug 2022 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426542 The Tribunal found in favor of the assessee on multiple grounds, including violation of Principles of Natural Justice due to passing an ex parte order without a hearing opportunity, levying penalty without recording mandatory satisfaction, defects in the show cause notice, confirmation of an excessive penalty, and issues related to the quantification and limitation of the penalty. The Tribunal emphasized the importance of procedural fairness and legal compliance in penalty imposition, leading to a decision in favor of the assessee on various grounds. Case-Laws Income Tax Wed, 20 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426542