https://www.taxtmi.com/caselaws?id=36776 The High Court upheld the Tribunal's decision to cancel the penalty imposed on the respondent-assessee under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized the necessity of providing a fair opportunity for the assessee to present its case in penalty proceedings, highlighting the violation of principles of natural justice by the Inspecting Assistant Commissioner. The judgment stressed the Tribunal's duty to ensure procedural fairness and the right to be heard, directing a reconsideration of the penalty imposition with proper hearing procedures in place. en-us Thu, 12 Jul 1979 00:00:00 +0530 Wed, 24 Mar 2010 13:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36776 The High Court upheld the Tribunal's decision to cancel the penalty imposed on the respondent-assessee under section 271(1)(c) of the Income Tax Act, 1961. The Court emphasized the necessity of providing a fair opportunity for the assessee to present its case in penalty proceedings, highlighting the violation of principles of natural justice by the Inspecting Assistant Commissioner. The judgment stressed the Tribunal's duty to ensure procedural fairness and the right to be heard, directing a reconsideration of the penalty imposition with proper hearing procedures in place. Case-Laws Income Tax Thu, 12 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36776