https://www.taxtmi.com/caselaws?id=406342 The Tribunal found the penalty notice invalid due to lack of specificity in specifying the charge against the assessee. The penalty order was deemed unjustified as the Assessing Officer failed to conduct a proper enquiry and relied on previous findings without verifying evidence. Consequently, the penalty of Rs. 74,12,046/- was deleted, and the appeal by the assessee was allowed. en-us Fri, 09 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406342 The Tribunal found the penalty notice invalid due to lack of specificity in specifying the charge against the assessee. The penalty order was deemed unjustified as the Assessing Officer failed to conduct a proper enquiry and relied on previous findings without verifying evidence. Consequently, the penalty of Rs. 74,12,046/- was deleted, and the appeal by the assessee was allowed. Case-Laws Income Tax Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406342