https://www.taxtmi.com/caselaws?id=387689 The Tribunal allowed the appeal, quashing the penalty order under Section 271AAB due to defective notice and lack of specific findings by the AO. The penalty of Rs. 1,20,710 was deleted as the cash found was not clearly linked to the assessee, emphasizing the importance of clear and specific notices in penalty proceedings for natural justice. en-us Thu, 24 Oct 2019 00:00:00 +0530 Tue, 29 Oct 2019 19:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387689 The Tribunal allowed the appeal, quashing the penalty order under Section 271AAB due to defective notice and lack of specific findings by the AO. The penalty of Rs. 1,20,710 was deleted as the cash found was not clearly linked to the assessee, emphasizing the importance of clear and specific notices in penalty proceedings for natural justice. Case-Laws Income Tax Thu, 24 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387689