https://www.taxtmi.com/caselaws?id=274618 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) for the assessment year 2011-12. The Tribunal held that the penalty notice did not specify the exact nature of the violation, following a legal precedent where such notices were deemed invalid if not specific. As a result, the penalty was found unsustainable, and in favor of the assessee, the penalty was revoked. en-us Thu, 01 Jun 2017 00:00:00 +0530 Sat, 25 Aug 2018 09:26:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274618 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) for the assessment year 2011-12. The Tribunal held that the penalty notice did not specify the exact nature of the violation, following a legal precedent where such notices were deemed invalid if not specific. As a result, the penalty was found unsustainable, and in favor of the assessee, the penalty was revoked. Case-Laws Income Tax Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274618