https://www.taxtmi.com/caselaws?id=443157 The Tribunal quashed the penalty of Rs. 1,90,000/- imposed by the Assessing Officer under Section 271(1)(c) due to the invalid assumption of jurisdiction and the inadequacy of the Show Cause Notice. The appeal was allowed in favor of the assessee, and the other grounds of appeal were left open and not adjudicated. en-us Thu, 14 Sep 2023 00:00:00 +0530 Sat, 16 Sep 2023 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443157 The Tribunal quashed the penalty of Rs. 1,90,000/- imposed by the Assessing Officer under Section 271(1)(c) due to the invalid assumption of jurisdiction and the inadequacy of the Show Cause Notice. The appeal was allowed in favor of the assessee, and the other grounds of appeal were left open and not adjudicated. Case-Laws Income Tax Thu, 14 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443157