https://www.taxtmi.com/caselaws?id=408799 The tribunal annulled the penalty imposed under section 271(1)(c) of the Income Tax Act due to the non-specific nature of the penalty notice, which failed to identify the precise default. Citing the Bombay HC's precedent, the tribunal emphasized the necessity of specificity in penalty notices, rendering the penalty invalid and ordering its deletion. en-us Mon, 07 Jun 2021 00:00:00 +0530 Sat, 26 Oct 2024 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408799 The tribunal annulled the penalty imposed under section 271(1)(c) of the Income Tax Act due to the non-specific nature of the penalty notice, which failed to identify the precise default. Citing the Bombay HC's precedent, the tribunal emphasized the necessity of specificity in penalty notices, rendering the penalty invalid and ordering its deletion. Case-Laws Income Tax Mon, 07 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408799