https://www.taxtmi.com/caselaws?id=307469 The High Court dismissed the revenue's appeal due to the lack of substantial questions of law and upheld the order passed by the Tribunal regarding the cancellation of penalty under section 271(1)(c) of the Income Tax Act. The Court also found the notice issued under section 274 of the Act to be defective, following precedents set in previous cases, leading to the dismissal of the appeal and the stay application. en-us Mon, 31 Oct 2022 00:00:00 +0530 Sat, 15 Apr 2023 00:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307469 The High Court dismissed the revenue's appeal due to the lack of substantial questions of law and upheld the order passed by the Tribunal regarding the cancellation of penalty under section 271(1)(c) of the Income Tax Act. The Court also found the notice issued under section 274 of the Act to be defective, following precedents set in previous cases, leading to the dismissal of the appeal and the stay application. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307469