https://www.taxtmi.com/caselaws?id=791340 Penalties under sections 271D and 271E were treated as consequential to the quantum assessments and dependent on findings of violation of sections 269SS and 269T. Once the corresponding assessments were held void for want of valid approval under section 153D, they ceased to survive in law, and the penalty orders could not exist independently of those void assessments. The penalties were therefore deleted and the appeals were allowed in favour of the assessee. en-us Wed, 15 Apr 2026 00:00:00 +0530 Sat, 09 May 2026 07:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791340 Penalties under sections 271D and 271E were treated as consequential to the quantum assessments and dependent on findings of violation of sections 269SS and 269T. Once the corresponding assessments were held void for want of valid approval under section 153D, they ceased to survive in law, and the penalty orders could not exist independently of those void assessments. The penalties were therefore deleted and the appeals were allowed in favour of the assessee. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791340