Tribunal Removes Tax Penalty Against Minor, Citing Lack of Guardian Consent and No Additions in Quantum Proceedings.

Tribunal Removes Tax Penalty Against Minor, Citing Lack of Guardian Consent and No Additions in Quantum Proceedings. https://www.taxtmi.com/highlights?id=76579 Penalty u/s 271(1)(b) imposed on minor - The tribunal upheld the appellant's argument regarding being a minor, stating that penalty proceedings initiated against a minor without the consent of their guardian are not legally sustainable. Considering this and the lack of additions in the quantum proceedings, the tribunal ruled in favor of the appellant, deleting the remaining penalty amount. en-us Sat, 13 Apr 2024 09:18:07 +0530 Sat, 13 Apr 2024 09:18:07 +0530 TaxTMI RSS Generator Tribunal Removes Tax Penalty Against Minor, Citing Lack of Guardian Consent and No Additions in Quantum Proceedings. https://www.taxtmi.com/highlights?id=76579 Penalty u/s 271(1)(b) imposed on minor - The tribunal upheld the appellant's argument regarding being a minor, stating that penalty proceedings initiated against a minor without the consent of their guardian are not legally sustainable. Considering this and the lack of additions in the quantum proceedings, the tribunal ruled in favor of the appellant, deleting the remaining penalty amount. Highlights Income Tax Sat, 13 Apr 2024 09:18:07 +0530 https://www.taxtmi.com/highlights?id=76579