https://www.taxtmi.com/caselaws?id=383670 The Tribunal found the penalty notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act, 1961, to be defective as it did not specify the charge against the Assessee. Citing precedents and the necessity of specifying the charge, the Tribunal set aside the penalty of Rs. 95,900/- imposed by the AO for the assessment year 2013-14, ultimately ruling in favor of the Assessee. en-us Wed, 24 Jul 2019 00:00:00 +0530 Mon, 29 Jul 2019 08:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383670 The Tribunal found the penalty notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act, 1961, to be defective as it did not specify the charge against the Assessee. Citing precedents and the necessity of specifying the charge, the Tribunal set aside the penalty of Rs. 95,900/- imposed by the AO for the assessment year 2013-14, ultimately ruling in favor of the Assessee. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383670