https://www.taxtmi.com/caselaws?id=386987 The Appellate Tribunal ITAT Indore allowed the appeal for the Assessment Year 2008-09, directing the deletion of the penalty of Rs. 1,00,000 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the notice for penalty proceedings to be invalid and lacking a specific charge, thus not meeting the legal requirements for initiating penalties. The decision was based on the procedural flaw in the notice, leading to the cancellation of the penalty. en-us Fri, 11 Oct 2019 00:00:00 +0530 Mon, 14 Oct 2019 11:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386987 The Appellate Tribunal ITAT Indore allowed the appeal for the Assessment Year 2008-09, directing the deletion of the penalty of Rs. 1,00,000 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the notice for penalty proceedings to be invalid and lacking a specific charge, thus not meeting the legal requirements for initiating penalties. The decision was based on the procedural flaw in the notice, leading to the cancellation of the penalty. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386987