https://www.taxtmi.com/caselaws?id=200656 The Tribunal held that the notice issued under Section 274 read with Section 271 of the Income-tax Act was defective, following precedents. Consequently, the penalty proceedings and order were deemed invalid. As a result, the penalty of Rs. 2,08,365/- imposed under Section 271(1)(c) for the assessment year 2011-12 was deleted. The Tribunal allowed the appeal by the assessee, citing the defective notice as the basis for invalidating the penalty proceedings, without delving into the merits of the penalty itself. en-us Fri, 22 Sep 2017 00:00:00 +0530 Wed, 11 Apr 2018 08:32:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200656 The Tribunal held that the notice issued under Section 274 read with Section 271 of the Income-tax Act was defective, following precedents. Consequently, the penalty proceedings and order were deemed invalid. As a result, the penalty of Rs. 2,08,365/- imposed under Section 271(1)(c) for the assessment year 2011-12 was deleted. The Tribunal allowed the appeal by the assessee, citing the defective notice as the basis for invalidating the penalty proceedings, without delving into the merits of the penalty itself. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200656