https://www.taxtmi.com/caselaws?id=378260 The Tribunal found the penalty order unsustainable due to a defective notice and lack of clear determination by the Assessing Officer. The penalty of Rs. 15,50,224/- under Section 271(1)(c) was deleted, as the notice did not specify the charge and failed to meet the requirements set by judicial precedents. The Tribunal emphasized that penalty cannot be levied while quantum proceedings are pending, supporting the assessee's argument. The decision was pronounced on April 10, 2019. en-us Wed, 10 Apr 2019 00:00:00 +0530 Thu, 11 Apr 2019 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378260 The Tribunal found the penalty order unsustainable due to a defective notice and lack of clear determination by the Assessing Officer. The penalty of Rs. 15,50,224/- under Section 271(1)(c) was deleted, as the notice did not specify the charge and failed to meet the requirements set by judicial precedents. The Tribunal emphasized that penalty cannot be levied while quantum proceedings are pending, supporting the assessee's argument. The decision was pronounced on April 10, 2019. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378260