https://www.taxtmi.com/caselaws?id=355924 The ITAT Kolkata held that the penalty imposed under Section 271(1)(c) of the Income Tax Act amounting to Rs. 1,43,747/- could not be sustained due to a defective notice issued under Section 274. Relying on the Supreme Court's decision in SSA's Emerald Meadows, the Tribunal found the ambiguity in the notice to be a significant defect, invalidating the penalty proceedings. Consequently, the appeal was allowed, and the penalty was canceled on 16-02-2018. en-us Fri, 16 Feb 2018 00:00:00 +0530 Wed, 21 Feb 2018 06:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355924 The ITAT Kolkata held that the penalty imposed under Section 271(1)(c) of the Income Tax Act amounting to Rs. 1,43,747/- could not be sustained due to a defective notice issued under Section 274. Relying on the Supreme Court's decision in SSA's Emerald Meadows, the Tribunal found the ambiguity in the notice to be a significant defect, invalidating the penalty proceedings. Consequently, the appeal was allowed, and the penalty was canceled on 16-02-2018. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355924