https://www.taxtmi.com/caselaws?id=406140 The Tribunal admitted the additional ground challenging the penalty under section 271(1)(C) of the Income Tax Act due to defective notices issued by the Assessing Officer. It held that the notices were invalid and defective as they did not specify the appropriate clause for the penalty, violating statutory provisions. Consequently, the Tribunal set aside the lower authorities' orders and deleted the penalty proceedings for the relevant assessment years, ruling in favor of the Assessee. en-us Tue, 06 Apr 2021 00:00:00 +0530 Wed, 07 Apr 2021 09:18:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406140 The Tribunal admitted the additional ground challenging the penalty under section 271(1)(C) of the Income Tax Act due to defective notices issued by the Assessing Officer. It held that the notices were invalid and defective as they did not specify the appropriate clause for the penalty, violating statutory provisions. Consequently, the Tribunal set aside the lower authorities' orders and deleted the penalty proceedings for the relevant assessment years, ruling in favor of the Assessee. Case-Laws Income Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406140