https://www.taxtmi.com/caselaws?id=436072 The Tribunal allowed all appeals of the assessee, quashing the penalties imposed under Section 271(1)(c) due to the absence of specific satisfaction regarding the nature of the default and the improper application of Explanation-5A. The appeals of the Revenue were dismissed. en-us Tue, 28 Mar 2023 00:00:00 +0530 Mon, 03 Apr 2023 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436072 The Tribunal allowed all appeals of the assessee, quashing the penalties imposed under Section 271(1)(c) due to the absence of specific satisfaction regarding the nature of the default and the improper application of Explanation-5A. The appeals of the Revenue were dismissed. Case-Laws Income Tax Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436072