https://www.taxtmi.com/caselaws?id=432625 The tribunal allowed the assessee's appeal challenging the penalty order under section 271(1)(c) of the Income Tax Act, 1961. The penalty of Rs.9,56,601 was quashed due to a procedural defect in the notice issued by the Assessing Officer, which violated natural justice. The tribunal directed the Assessing Officer to delete the penalty amount. Other issues raised by the assessee, including the consideration of voluntary disclosure of income, were not addressed on merits as the penalty order was overturned solely on procedural grounds. en-us Fri, 06 Jan 2023 00:00:00 +0530 Tue, 10 Jan 2023 09:25:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432625 The tribunal allowed the assessee's appeal challenging the penalty order under section 271(1)(c) of the Income Tax Act, 1961. The penalty of Rs.9,56,601 was quashed due to a procedural defect in the notice issued by the Assessing Officer, which violated natural justice. The tribunal directed the Assessing Officer to delete the penalty amount. Other issues raised by the assessee, including the consideration of voluntary disclosure of income, were not addressed on merits as the penalty order was overturned solely on procedural grounds. Case-Laws Income Tax Fri, 06 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432625