https://www.taxtmi.com/caselaws?id=381064 The Tribunal dismissed the assessee's appeal in quantum proceedings for the assessment year 2010-11 as not pressed. The penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 was confirmed but later reduced due to incorrect computation by the Assessing Officer. The Tribunal found the penalty proceedings invalid due to non-specific charges in the notices, leading to the deletion of the penalty. As a result, the appeal in quantum proceedings was dismissed, and the penalty was deleted. en-us Fri, 31 May 2019 00:00:00 +0530 Tue, 04 Jun 2019 08:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381064 The Tribunal dismissed the assessee's appeal in quantum proceedings for the assessment year 2010-11 as not pressed. The penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 was confirmed but later reduced due to incorrect computation by the Assessing Officer. The Tribunal found the penalty proceedings invalid due to non-specific charges in the notices, leading to the deletion of the penalty. As a result, the appeal in quantum proceedings was dismissed, and the penalty was deleted. Case-Laws Income Tax Fri, 31 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381064