https://www.taxtmi.com/caselaws?id=358632 The Tribunal found the penalty notice issued by the Assessing Officer to be defective as it did not specify the exact charge under section 271(1)(c) of the Income Tax Act. Citing legal precedents, the Tribunal held that such ambiguous notices are invalid, leading to the cancellation of the penalty imposed on the assessee. The Tribunal allowed the appeal, canceling the penalty and emphasizing that the other grounds raised by the assessee were rendered moot. en-us Fri, 13 Apr 2018 00:00:00 +0530 Sun, 15 Apr 2018 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358632 The Tribunal found the penalty notice issued by the Assessing Officer to be defective as it did not specify the exact charge under section 271(1)(c) of the Income Tax Act. Citing legal precedents, the Tribunal held that such ambiguous notices are invalid, leading to the cancellation of the penalty imposed on the assessee. The Tribunal allowed the appeal, canceling the penalty and emphasizing that the other grounds raised by the assessee were rendered moot. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358632