https://www.taxtmi.com/caselaws?id=361011 The tribunal allowed the appeal in favor of the assessee, quashing the penalty notices and related proceedings due to lack of specificity in the penalty notices. The tribunal found the penalty imposition invalid as the notices did not specify the grounds under Section 271(1)(c) of the IT Act, rendering the penalty proceedings void ab initio. en-us Fri, 18 May 2018 00:00:00 +0530 Mon, 28 May 2018 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361011 The tribunal allowed the appeal in favor of the assessee, quashing the penalty notices and related proceedings due to lack of specificity in the penalty notices. The tribunal found the penalty imposition invalid as the notices did not specify the grounds under Section 271(1)(c) of the IT Act, rendering the penalty proceedings void ab initio. Case-Laws Income Tax Fri, 18 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361011