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![Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Penalty-Proceedings-Income-Tax-Act-Wrong-Assumption-Madras-HC-taxscan.jpg "Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]")
Penalty Proceedings under Income Tax Act initiated on Wrong Assumption: Madras HC sets Aside the Proceedings [Read Order]
The Madras High Court set aside the penalty proceedings under the Income Tax Act, 1961 initiated on the wrong assumption. Anamallais Bus...
![Income Tax Penalty u/s 271E cannot be Imposed Mechanically: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Penalty-Income-Tax-ITAT-taxscan.jpg "Income Tax Penalty u/s 271E cannot be Imposed Mechanically: ITAT [Read Order]")
