https://www.taxtmi.com/caselaws?id=436497 The Tribunal concluded that the penalty under section 271B was unjustified due to the absence of maintained books of accounts. The additional legal ground challenging the validity of the notice was admitted for adjudication, emphasizing the importance of clear and specific charges in penalty proceedings. The appeal was partly allowed, with the penalty deleted and certain grounds dismissed as not pressed. en-us Wed, 15 Feb 2023 00:00:00 +0530 Thu, 13 Apr 2023 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436497 The Tribunal concluded that the penalty under section 271B was unjustified due to the absence of maintained books of accounts. The additional legal ground challenging the validity of the notice was admitted for adjudication, emphasizing the importance of clear and specific charges in penalty proceedings. The appeal was partly allowed, with the penalty deleted and certain grounds dismissed as not pressed. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436497