https://www.taxtmi.com/caselaws?id=57054 The Tribunal dismissed the appeal, upholding the penalty imposed under section 271B of the IT Act. The appellant's arguments on the initiation and timing of penalty proceedings, as well as the change of accounting year, were rejected. The Tribunal found no legal infirmity in the actions of the authorities, affirming the penalty decision. en-us Thu, 19 Feb 1998 00:00:00 +0530 Wed, 08 Dec 2010 11:38:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57054 The Tribunal dismissed the appeal, upholding the penalty imposed under section 271B of the IT Act. The appellant's arguments on the initiation and timing of penalty proceedings, as well as the change of accounting year, were rejected. The Tribunal found no legal infirmity in the actions of the authorities, affirming the penalty decision. Case-Laws Income Tax Thu, 19 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57054