https://www.taxtmi.com/caselaws?id=274737 The tribunal allowed the appeal, finding the penalty proceedings invalid due to a defective penalty notice. The penalty under Section 271(1)(c) of the Income Tax Act was canceled as the notice failed to specify the nature of the default, aligning with previous court decisions. The tribunal emphasized the importance of clarity in penalty notices for procedural fairness and compliance with legal standards. en-us Tue, 29 Aug 2017 00:00:00 +0530 Fri, 31 Aug 2018 06:46:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274737 The tribunal allowed the appeal, finding the penalty proceedings invalid due to a defective penalty notice. The penalty under Section 271(1)(c) of the Income Tax Act was canceled as the notice failed to specify the nature of the default, aligning with previous court decisions. The tribunal emphasized the importance of clarity in penalty notices for procedural fairness and compliance with legal standards. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274737