https://www.taxtmi.com/caselaws?id=60085 The Tribunal allowed the appeal, directing the Assessing Officer to cancel the penalty levied under section 273(2)(c) of the Income-tax Act for the assessment year 1983-84. The Tribunal found that the penalty was imposed under an incorrect provision, making the proceedings void ab initio due to lack of specificity in the notice issued by the Assessing Officer. It emphasized that section 292B does not cure jurisdictional defects and highlighted violations of natural justice principles in the penalty proceedings, leading to the cancellation of the penalty. en-us Tue, 26 Sep 1995 00:00:00 +0530 Mon, 03 Jan 2011 16:24:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60085 The Tribunal allowed the appeal, directing the Assessing Officer to cancel the penalty levied under section 273(2)(c) of the Income-tax Act for the assessment year 1983-84. The Tribunal found that the penalty was imposed under an incorrect provision, making the proceedings void ab initio due to lack of specificity in the notice issued by the Assessing Officer. It emphasized that section 292B does not cure jurisdictional defects and highlighted violations of natural justice principles in the penalty proceedings, leading to the cancellation of the penalty. Case-Laws Income Tax Tue, 26 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60085