https://www.taxtmi.com/caselaws?id=266890 The Tribunal allowed the appeal by the assessee, holding that the penalty proceedings were invalid due to the defective notice under Section 274, which failed to specify the grounds for penalty. The penalty imposed under Section 271(1)(c) was consequently canceled, emphasizing the necessity for clear and specific notices in penalty proceedings to uphold the principles of natural justice. en-us Wed, 23 Sep 2015 00:00:00 +0530 Tue, 27 Oct 2015 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266890 The Tribunal allowed the appeal by the assessee, holding that the penalty proceedings were invalid due to the defective notice under Section 274, which failed to specify the grounds for penalty. The penalty imposed under Section 271(1)(c) was consequently canceled, emphasizing the necessity for clear and specific notices in penalty proceedings to uphold the principles of natural justice. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266890