https://www.taxtmi.com/caselaws?id=363262 The Tribunal found the notice issued under Section 274 to be defective for not specifying the charge against the assessee, rendering the penalty proceedings invalid. Citing the Supreme Court's dismissal of a similar case, the penalty of Rs. 6,24,671/- imposed under Section 271(1)(c) for A.Y. 2008-09 was canceled, and the appeal of the assessee was allowed. en-us Wed, 04 Jul 2018 00:00:00 +0530 Tue, 10 Jul 2018 09:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363262 The Tribunal found the notice issued under Section 274 to be defective for not specifying the charge against the assessee, rendering the penalty proceedings invalid. Citing the Supreme Court's dismissal of a similar case, the penalty of Rs. 6,24,671/- imposed under Section 271(1)(c) for A.Y. 2008-09 was canceled, and the appeal of the assessee was allowed. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363262