https://www.taxtmi.com/caselaws?id=392494 The tribunal found the penalty proceedings invalid due to a defective notice under Section 274 that did not specify the charge against the assessee. As a result, the penalty imposed was canceled, and the appeal was allowed. The tribunal stressed the necessity of clear and specific charges in penalty notices to adhere to the principles of natural justice. en-us Tue, 18 Feb 2020 00:00:00 +0530 Fri, 21 Feb 2020 12:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392494 The tribunal found the penalty proceedings invalid due to a defective notice under Section 274 that did not specify the charge against the assessee. As a result, the penalty imposed was canceled, and the appeal was allowed. The tribunal stressed the necessity of clear and specific charges in penalty notices to adhere to the principles of natural justice. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392494