https://www.taxtmi.com/caselaws?id=357904 The Tribunal allowed the appeals of the assessees, finding the penalty imposed under section 271(1)(c) unsustainable due to defective notices issued under section 274 that did not specify the charge. Emphasizing the importance of clear and specific penalty notices for statutory compliance and natural justice principles, the Tribunal dismissed the stay application as infructuous post the appeal allowance. en-us Tue, 20 Mar 2018 00:00:00 +0530 Sun, 01 Apr 2018 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357904 The Tribunal allowed the appeals of the assessees, finding the penalty imposed under section 271(1)(c) unsustainable due to defective notices issued under section 274 that did not specify the charge. Emphasizing the importance of clear and specific penalty notices for statutory compliance and natural justice principles, the Tribunal dismissed the stay application as infructuous post the appeal allowance. Case-Laws Income Tax Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357904