https://www.taxtmi.com/caselaws?id=284798 The Tribunal concluded that the penalty levied under section 271(1)(c) of the Income Tax Act could not be sustained due to the defective notice under section 274 and the non-application of mind by the Assessing Officer. Consequently, the penalty orders were cancelled, and the appeals by the assessee were allowed. The Tribunal applied the same reasoning to the appeal for the assessment year 2009-10, resulting in the cancellation of the penalty proceedings for both years. en-us Fri, 19 Jan 2018 00:00:00 +0530 Wed, 11 Dec 2019 10:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284798 The Tribunal concluded that the penalty levied under section 271(1)(c) of the Income Tax Act could not be sustained due to the defective notice under section 274 and the non-application of mind by the Assessing Officer. Consequently, the penalty orders were cancelled, and the appeals by the assessee were allowed. The Tribunal applied the same reasoning to the appeal for the assessment year 2009-10, resulting in the cancellation of the penalty proceedings for both years. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284798