https://www.taxtmi.com/caselaws?id=264343 The Tribunal found the penalty notices issued under section 271(1)(c) read with section 274 to be invalid due to lack of specificity and clarity. Consequently, the penalty proceedings were vitiated. The appeals by the assessee for the assessment years 2007-08 and 2008-09 were allowed, and the penalty orders were set aside. The decision was pronounced on August 31, 2015. en-us Mon, 31 Aug 2015 00:00:00 +0530 Thu, 17 Sep 2015 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264343 The Tribunal found the penalty notices issued under section 271(1)(c) read with section 274 to be invalid due to lack of specificity and clarity. Consequently, the penalty proceedings were vitiated. The appeals by the assessee for the assessment years 2007-08 and 2008-09 were allowed, and the penalty orders were set aside. The decision was pronounced on August 31, 2015. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264343