https://www.taxtmi.com/caselaws?id=391877 The Tribunal allowed the appeals of the assessee, ruling that the penalty notices issued under Section 274 read with Section 271(1)(c) were invalid due to lack of specificity and non-application of mind. Consequently, the penalties imposed were directed to be deleted. The Tribunal also quashed the penalty proceedings under Section 271AAB for similar reasons, deeming the notices defective and invalid. The revenue's appeal was dismissed as infructuous. en-us Wed, 05 Feb 2020 00:00:00 +0530 Sat, 08 Feb 2020 07:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391877 The Tribunal allowed the appeals of the assessee, ruling that the penalty notices issued under Section 274 read with Section 271(1)(c) were invalid due to lack of specificity and non-application of mind. Consequently, the penalties imposed were directed to be deleted. The Tribunal also quashed the penalty proceedings under Section 271AAB for similar reasons, deeming the notices defective and invalid. The revenue's appeal was dismissed as infructuous. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391877