https://www.taxtmi.com/caselaws?id=368837 The Appellate Tribunal found the penalty notice defective as it did not specify charges against the assessee, leading to the penalty proceedings being deemed void. Consequently, the Tribunal set aside the penalty of Rs. 71,500 imposed on the assessee under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11. The appeal was allowed, and the penalty was removed based on legal precedents and the lack of specificity in the notice. en-us Thu, 11 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:15:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368837 The Appellate Tribunal found the penalty notice defective as it did not specify charges against the assessee, leading to the penalty proceedings being deemed void. Consequently, the Tribunal set aside the penalty of Rs. 71,500 imposed on the assessee under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11. The appeal was allowed, and the penalty was removed based on legal precedents and the lack of specificity in the notice. Case-Laws Income Tax Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368837