https://www.taxtmi.com/caselaws?id=286223 The Tribunal allowed the appeal, quashing the penalty of Rs. 14,90,241/- imposed under Section 271(1)(c) on procedural and substantive grounds. The penalty proceedings were deemed invalid due to failure to specify the exact charge in the notice, lack of jurisdiction by the Assessing Officer, and insufficient evidence to justify the penalty. The Tribunal emphasized the importance of proper notice and evidence before imposing penalties under the Income Tax Act, 1961. en-us Wed, 04 Apr 2018 00:00:00 +0530 Tue, 18 Feb 2020 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286223 The Tribunal allowed the appeal, quashing the penalty of Rs. 14,90,241/- imposed under Section 271(1)(c) on procedural and substantive grounds. The penalty proceedings were deemed invalid due to failure to specify the exact charge in the notice, lack of jurisdiction by the Assessing Officer, and insufficient evidence to justify the penalty. The Tribunal emphasized the importance of proper notice and evidence before imposing penalties under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286223