https://www.taxtmi.com/caselaws?id=336762 The Tribunal found that the satisfaction recorded by the Assessing Officer was unclear and the notice issued under section 274 r.w.s. 271(1)(c) was invalid due to vagueness. Consequently, the penalty proceedings were deemed invalid, leading to the quashing of penalties for all assessment years under appeal. en-us Wed, 21 Dec 2016 00:00:00 +0530 Wed, 28 Dec 2016 09:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336762 The Tribunal found that the satisfaction recorded by the Assessing Officer was unclear and the notice issued under section 274 r.w.s. 271(1)(c) was invalid due to vagueness. Consequently, the penalty proceedings were deemed invalid, leading to the quashing of penalties for all assessment years under appeal. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336762