https://www.taxtmi.com/caselaws?id=386800 The Tribunal found the penalty proceedings void due to invalid penalty notices under Section 274 of the Income Tax Act, as they did not specify the default. This defect rendered the proceedings invalid, resulting in the cancellation of penalties for both appellants. Other grounds of appeal were not addressed as the penalty proceedings were quashed, leading to the allowance of the appeals. en-us Fri, 27 Sep 2019 00:00:00 +0530 Wed, 09 Oct 2019 07:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386800 The Tribunal found the penalty proceedings void due to invalid penalty notices under Section 274 of the Income Tax Act, as they did not specify the default. This defect rendered the proceedings invalid, resulting in the cancellation of penalties for both appellants. Other grounds of appeal were not addressed as the penalty proceedings were quashed, leading to the allowance of the appeals. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386800