https://www.taxtmi.com/caselaws?id=325458 The Tribunal held that penalty proceedings were invalid due to a defective show cause notice under Section 274, leading to the cancellation of penalties imposed for all assessment years. The Tribunal allowed all four appeals by the assessee, annulling the penalties under Section 271(1)(c) without addressing other arguments on the merits of the penalty orders. en-us Wed, 10 Feb 2016 00:00:00 +0530 Sat, 19 Mar 2016 08:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325458 The Tribunal held that penalty proceedings were invalid due to a defective show cause notice under Section 274, leading to the cancellation of penalties imposed for all assessment years. The Tribunal allowed all four appeals by the assessee, annulling the penalties under Section 271(1)(c) without addressing other arguments on the merits of the penalty orders. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325458