https://www.taxtmi.com/caselaws?id=346114 The Tribunal found the penalty notices issued under sections 274 and 271 of the Income-tax Act to be defective and invalid as the Assessing Officer failed to clearly specify the grounds for imposing penalties. Consequently, penalties imposed for the assessment years 2001-02 to 2004-05 were canceled. The Tribunal dismissed the grounds of appeal on the merits as infructuous. The order was pronounced on March 30, 2017, at Ahmedabad. en-us Thu, 30 Mar 2017 00:00:00 +0530 Fri, 04 Aug 2017 07:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346114 The Tribunal found the penalty notices issued under sections 274 and 271 of the Income-tax Act to be defective and invalid as the Assessing Officer failed to clearly specify the grounds for imposing penalties. Consequently, penalties imposed for the assessment years 2001-02 to 2004-05 were canceled. The Tribunal dismissed the grounds of appeal on the merits as infructuous. The order was pronounced on March 30, 2017, at Ahmedabad. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346114