https://www.taxtmi.com/caselaws?id=375275 The Tribunal allowed both appeals of the assessee, emphasizing the significance of a properly detailed penalty notice to ensure the validity of penalty proceedings. The lack of specificity in the penalty notice led to the cancellation of the penalties imposed under section 271(1)(c) for the respective assessment years. en-us Thu, 14 Feb 2019 00:00:00 +0530 Sat, 16 Feb 2019 06:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375275 The Tribunal allowed both appeals of the assessee, emphasizing the significance of a properly detailed penalty notice to ensure the validity of penalty proceedings. The lack of specificity in the penalty notice led to the cancellation of the penalties imposed under section 271(1)(c) for the respective assessment years. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375275