https://www.taxtmi.com/highlights?id=45951 Penalty u/s 271AAB - defective notice - both the show cause notices issued by the AO for initiation of penalty proceedings u/s 271AAB are very vague and silent about the default of the assessee and further the amount of undisclosed income on which the penalty was proposed to be levied. - Penalties set aside. en-us Wed, 17 Apr 2019 15:27:50 +0530 Wed, 17 Apr 2019 15:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45951 Penalty u/s 271AAB - defective notice - both the show cause notices issued by the AO for initiation of penalty proceedings u/s 271AAB are very vague and silent about the default of the assessee and further the amount of undisclosed income on which the penalty was proposed to be levied. - Penalties set aside. Highlights Income Tax Wed, 17 Apr 2019 15:27:50 +0530 https://www.taxtmi.com/highlights?id=45951