https://www.taxtmi.com/caselaws?id=405776 The Tribunal admitted additional grounds of appeal under Rule 11 of the ITAT Rules, 1963 and invalidated the penalty imposed on the appellant due to a defective penalty notice that did not specify the grounds for the penalty under section 271(1)(c). The judgment stressed the necessity of clearly stating the basis for penalties to ensure fairness and compliance with legal standards. Both appeals of the assessee were allowed, and the penalty was annulled. en-us Thu, 18 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405776 The Tribunal admitted additional grounds of appeal under Rule 11 of the ITAT Rules, 1963 and invalidated the penalty imposed on the appellant due to a defective penalty notice that did not specify the grounds for the penalty under section 271(1)(c). The judgment stressed the necessity of clearly stating the basis for penalties to ensure fairness and compliance with legal standards. Both appeals of the assessee were allowed, and the penalty was annulled. Case-Laws Income Tax Thu, 18 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405776