https://www.taxtmi.com/caselaws?id=307212 The ITAT allowed the appeals, following precedent, and deleted the penalty imposed under section 272A(1)(C) for the assessment year 2006-07 and subsequent years. The CIT(A) erred in disposing off the appeal without granting adequate opportunity of being heard, leading to the confirmation of the penalty initially. However, the ITAT ruled in favor of the assessee, emphasizing that the failure to submit the consent waiver form did not justify the penalty, ultimately resulting in the penalty being deleted. en-us Mon, 11 Feb 2019 00:00:00 +0530 Tue, 28 Mar 2023 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307212 The ITAT allowed the appeals, following precedent, and deleted the penalty imposed under section 272A(1)(C) for the assessment year 2006-07 and subsequent years. The CIT(A) erred in disposing off the appeal without granting adequate opportunity of being heard, leading to the confirmation of the penalty initially. However, the ITAT ruled in favor of the assessee, emphasizing that the failure to submit the consent waiver form did not justify the penalty, ultimately resulting in the penalty being deleted. Case-Laws Income Tax Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307212