https://www.taxtmi.com/caselaws?id=358756 The Tribunal admitted the additional ground challenging the validity of the notice issued under section 274 read with section 271(1)(c) for not specifying the default, citing the NTPC vs. CIT case. However, it found the notice lacking specification of the charge for penalty illegal, following the Karnataka High Court decision in CIT vs. Manjunatha Cotton and Ginning Factory. Despite the violation of mandatory conditions, the Tribunal allowed the appeal for statistical purposes, setting aside the additional ground for further consideration by the CIT(A) due to the complexity of the case involving undisclosed income and various additions. en-us Thu, 12 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 06:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358756 The Tribunal admitted the additional ground challenging the validity of the notice issued under section 274 read with section 271(1)(c) for not specifying the default, citing the NTPC vs. CIT case. However, it found the notice lacking specification of the charge for penalty illegal, following the Karnataka High Court decision in CIT vs. Manjunatha Cotton and Ginning Factory. Despite the violation of mandatory conditions, the Tribunal allowed the appeal for statistical purposes, setting aside the additional ground for further consideration by the CIT(A) due to the complexity of the case involving undisclosed income and various additions. Case-Laws Income Tax Thu, 12 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358756