https://www.taxtmi.com/caselaws?id=377768 The Tribunal found that the notice issued to the Assessee under Section 274 was defective for not specifying the exact charge for the penalty. Consequently, the penalty imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) was deemed invalid. The Tribunal set aside the penalty of Rs. 9,46,506/- levied for the assessment year 2005-06, allowing the Assessee's appeal. en-us Fri, 29 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 07:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377768 The Tribunal found that the notice issued to the Assessee under Section 274 was defective for not specifying the exact charge for the penalty. Consequently, the penalty imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals) was deemed invalid. The Tribunal set aside the penalty of Rs. 9,46,506/- levied for the assessment year 2005-06, allowing the Assessee's appeal. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377768