https://www.taxtmi.com/caselaws?id=398413 The Tribunal quashed the penalty proceedings initiated under Section 271AAB due to defective notices issued under Section 274 r.w.s. 271AAB, which did not specify the charges and clauses under which the penalty was levied. The penalties sustained by the CIT(A) were deleted, and the Revenue's appeal was dismissed, as the Tribunal upheld the relief granted by the CIT(A) on the grounds of defective notice and lack of proper initiation. en-us Mon, 07 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398413 The Tribunal quashed the penalty proceedings initiated under Section 271AAB due to defective notices issued under Section 274 r.w.s. 271AAB, which did not specify the charges and clauses under which the penalty was levied. The penalties sustained by the CIT(A) were deleted, and the Revenue's appeal was dismissed, as the Tribunal upheld the relief granted by the CIT(A) on the grounds of defective notice and lack of proper initiation. Case-Laws Income Tax Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398413