https://www.taxtmi.com/caselaws?id=386709 The Tribunal found the penalty notices issued under section 271(1)(c) to be invalid for not specifying the specific charge, leading to the deletion of penalties for all three years. Penalties related to the disallowance of excessive lease rent payments were upheld, while penalties related to personal expenditure disallowances were deleted. As a result, the appeals were partly allowed. en-us Mon, 30 Sep 2019 00:00:00 +0530 Sat, 05 Oct 2019 11:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386709 The Tribunal found the penalty notices issued under section 271(1)(c) to be invalid for not specifying the specific charge, leading to the deletion of penalties for all three years. Penalties related to the disallowance of excessive lease rent payments were upheld, while penalties related to personal expenditure disallowances were deleted. As a result, the appeals were partly allowed. Case-Laws Income Tax Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386709