https://www.taxtmi.com/caselaws?id=343612 The Tribunal allowed the appeal of the assessee, quashing the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961, due to the illegality and ambiguity of the notice issued under section 274 read with section 271(1)(c). The Tribunal emphasized the necessity for a clear and specific charge in the penalty notice to provide the assessee a reasonable opportunity to defend its case. The confirmation of the penalty was not addressed on its merits due to the invalidity of the notice. en-us Mon, 24 Apr 2017 00:00:00 +0530 Mon, 29 May 2017 21:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343612 The Tribunal allowed the appeal of the assessee, quashing the penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961, due to the illegality and ambiguity of the notice issued under section 274 read with section 271(1)(c). The Tribunal emphasized the necessity for a clear and specific charge in the penalty notice to provide the assessee a reasonable opportunity to defend its case. The confirmation of the penalty was not addressed on its merits due to the invalidity of the notice. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343612