https://www.taxtmi.com/caselaws?id=371205 The Tribunal held that the penalty notice issued under Section 271 was defective as it did not specify the nature of the default. Consequently, the penalty proceedings were deemed invalid, and the penalty levied under Section 271(1)(c) for the Assessment Year 2014-15 was deleted. The Tribunal allowed the additional grounds raised by the assessee and did not address the other grounds of appeal concerning the merits of the penalty levy. The appeal was allowed, and the order was pronounced on November 27, 2018. en-us Tue, 27 Nov 2018 00:00:00 +0530 Fri, 30 Nov 2018 07:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371205 The Tribunal held that the penalty notice issued under Section 271 was defective as it did not specify the nature of the default. Consequently, the penalty proceedings were deemed invalid, and the penalty levied under Section 271(1)(c) for the Assessment Year 2014-15 was deleted. The Tribunal allowed the additional grounds raised by the assessee and did not address the other grounds of appeal concerning the merits of the penalty levy. The appeal was allowed, and the order was pronounced on November 27, 2018. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371205