https://www.taxtmi.com/caselaws?id=436866 The Appellate Tribunal set aside the penalty imposed by the CIT (A) NFAC for the assessment year 2017-18 under section 271D of the Income Tax Act. The Tribunal ruled that the penalty notice was void ab initio as the violation occurred in the preceding assessment year 2016-17. Consequently, the penalty was canceled, and the appeal by the assessee was successful. en-us Wed, 19 Apr 2023 00:00:00 +0530 Sat, 22 Apr 2023 08:03:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436866 The Appellate Tribunal set aside the penalty imposed by the CIT (A) NFAC for the assessment year 2017-18 under section 271D of the Income Tax Act. The Tribunal ruled that the penalty notice was void ab initio as the violation occurred in the preceding assessment year 2016-17. Consequently, the penalty was canceled, and the appeal by the assessee was successful. Case-Laws Income Tax Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436866