https://www.taxtmi.com/caselaws?id=371686 The Tribunal found the penalty notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act to be defective due to the lack of specification of the charge. Consequently, the penalty imposition was deemed unsustainable. The Tribunal set aside the CIT(A)'s order and canceled the penalty of Rs. 2,70,350/- imposed by the AO for the assessment year 2011-12, allowing the appeal of the assessee. en-us Fri, 30 Nov 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371686 The Tribunal found the penalty notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act to be defective due to the lack of specification of the charge. Consequently, the penalty imposition was deemed unsustainable. The Tribunal set aside the CIT(A)'s order and canceled the penalty of Rs. 2,70,350/- imposed by the AO for the assessment year 2011-12, allowing the appeal of the assessee. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371686