https://www.taxtmi.com/caselaws?id=390432 The Tribunal allowed the appeals for Assessment Years 2014-15 and 2015-16, quashing the penalties imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the penalty notices in both years were void ab initio as they failed to specify the particular limb of Section 271(1)(c) being invoked. The Tribunal relied on legal precedents and concluded that the ambiguity in the notices rendered them invalid, leading to the penalties being overturned. en-us Tue, 31 Dec 2019 00:00:00 +0530 Thu, 02 Jan 2020 17:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390432 The Tribunal allowed the appeals for Assessment Years 2014-15 and 2015-16, quashing the penalties imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal found that the penalty notices in both years were void ab initio as they failed to specify the particular limb of Section 271(1)(c) being invoked. The Tribunal relied on legal precedents and concluded that the ambiguity in the notices rendered them invalid, leading to the penalties being overturned. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390432