https://www.taxtmi.com/caselaws?id=760982 The HC dismissed the appeal regarding penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2011-12, agreeing with the Tribunal that procedural irregularities, including unclear notice and lack of satisfaction by the Assessing Authority, vitiated the penalty. The Court found no illegality in the Tribunal's decision and left open the possibility for the Income Tax Authorities to pursue further action in compliance with the law if necessary. The appeal was dismissed for lacking merit, emphasizing the necessity of adherence to natural justice principles in penalty proceedings. en-us Tue, 15 Oct 2024 00:00:00 +0530 Wed, 30 Oct 2024 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760982 The HC dismissed the appeal regarding penalty proceedings under Section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2011-12, agreeing with the Tribunal that procedural irregularities, including unclear notice and lack of satisfaction by the Assessing Authority, vitiated the penalty. The Court found no illegality in the Tribunal's decision and left open the possibility for the Income Tax Authorities to pursue further action in compliance with the law if necessary. The appeal was dismissed for lacking merit, emphasizing the necessity of adherence to natural justice principles in penalty proceedings. Case-Laws Income Tax Tue, 15 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760982