https://www.taxtmi.com/caselaws?id=373186 The Tribunal held that the notice issued under Section 274 read with Section 271 of the Income Tax Act was invalid 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 2012-13 was deleted. The appeal was allowed, and the order was pronounced on January 4, 2019. en-us Fri, 04 Jan 2019 00:00:00 +0530 Wed, 20 Mar 2019 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373186 The Tribunal held that the notice issued under Section 274 read with Section 271 of the Income Tax Act was invalid 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 2012-13 was deleted. The appeal was allowed, and the order was pronounced on January 4, 2019. Case-Laws Income Tax Fri, 04 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373186