https://www.taxtmi.com/caselaws?id=408202 The Tribunal found the penalty imposed under Section 271(1)(c) of the Income Tax Act unjustified due to a defective notice lacking specificity on the nature of the charge. Citing precedents, the Tribunal emphasized the necessity for clear charges in penalty notices. Consequently, the penalty was deleted, aligning with prior rulings and higher judicial decisions. The appeal was allowed, and the penalty was overturned. en-us Mon, 31 May 2021 00:00:00 +0530 Thu, 03 Jun 2021 08:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408202 The Tribunal found the penalty imposed under Section 271(1)(c) of the Income Tax Act unjustified due to a defective notice lacking specificity on the nature of the charge. Citing precedents, the Tribunal emphasized the necessity for clear charges in penalty notices. Consequently, the penalty was deleted, aligning with prior rulings and higher judicial decisions. The appeal was allowed, and the penalty was overturned. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408202