https://www.taxtmi.com/caselaws?id=358330 The Tribunal found the notice issued under Section 274 read with Section 271 to be invalid due to vagueness, leading to the invalidation of penalty proceedings. Consequently, the penalty levied under Section 271(1)(c) for the assessment year 2004-05 was deleted, as the basis for the penalty was deemed invalid. The Tribunal ruled in favor of the assessee, citing the necessity for clear and specific notices as per legal precedents. The decision was pronounced on 28th March 2018. en-us Wed, 28 Mar 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358330 The Tribunal found the notice issued under Section 274 read with Section 271 to be invalid due to vagueness, leading to the invalidation of penalty proceedings. Consequently, the penalty levied under Section 271(1)(c) for the assessment year 2004-05 was deleted, as the basis for the penalty was deemed invalid. The Tribunal ruled in favor of the assessee, citing the necessity for clear and specific notices as per legal precedents. The decision was pronounced on 28th March 2018. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358330