https://www.taxtmi.com/caselaws?id=386766 The Tribunal allowed the Assessee's appeal, ruling that the notice's failure to specify the limb of Section 271(1)(c) under which the penalty was imposed rendered the penalty proceedings invalid. Citing legal precedents, including judgments by various High Courts and the Supreme Court, the Tribunal concluded that no penalty was leviable due to the deficiency in the notice, setting aside the penalty and ruling in favor of the Assessee. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386766 The Tribunal allowed the Assessee's appeal, ruling that the notice's failure to specify the limb of Section 271(1)(c) under which the penalty was imposed rendered the penalty proceedings invalid. Citing legal precedents, including judgments by various High Courts and the Supreme Court, the Tribunal concluded that no penalty was leviable due to the deficiency in the notice, setting aside the penalty and ruling in favor of the Assessee. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386766