https://www.taxtmi.com/caselaws?id=411271 The Appellate Tribunal ITAT DELHI allowed all six appeals filed by the assessee, ruling in favor of the assessee based on the invalidity of the notice issued under Section 274 read with Section 271(1)(c) for being vague and not specifying the limb under which the penalty was proposed. The Tribunal emphasized the importance of clear notices in penalty proceedings and cited relevant case law to support its decision, ultimately quashing all penalty proceedings for the respective years. en-us Wed, 04 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411271 The Appellate Tribunal ITAT DELHI allowed all six appeals filed by the assessee, ruling in favor of the assessee based on the invalidity of the notice issued under Section 274 read with Section 271(1)(c) for being vague and not specifying the limb under which the penalty was proposed. The Tribunal emphasized the importance of clear notices in penalty proceedings and cited relevant case law to support its decision, ultimately quashing all penalty proceedings for the respective years. Case-Laws Income Tax Wed, 04 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411271