https://www.taxtmi.com/caselaws?id=277746 The Tribunal allowed the appeal of the assessee for the assessment year 2010-11, citing invalid penalty imposition due to the notice not specifying the grounds clearly. The appeal against the penalty for the assessment year 2011-12 was dismissed as the AO lacked jurisdiction to levy the penalty. The Tribunal emphasized the importance of a penalty notice specifying grounds for penalty imposition under section 271(1)(c), resulting in the quashing of the penalty in both appeals. en-us Fri, 08 Sep 2017 00:00:00 +0530 Fri, 21 Dec 2018 05:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277746 The Tribunal allowed the appeal of the assessee for the assessment year 2010-11, citing invalid penalty imposition due to the notice not specifying the grounds clearly. The appeal against the penalty for the assessment year 2011-12 was dismissed as the AO lacked jurisdiction to levy the penalty. The Tribunal emphasized the importance of a penalty notice specifying grounds for penalty imposition under section 271(1)(c), resulting in the quashing of the penalty in both appeals. Case-Laws Income Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277746