https://www.taxtmi.com/caselaws?id=412052 The Tribunal allowed the appeal in ITA No. 474/PUN/2017, overturning the penalty imposition under section 271(1)(c) of the Income-tax Act, 1961 due to a defect in the notice u/s. 274. The penalty was deleted as it was imposed without specific charges of concealment or furnishing inaccurate particulars of income. Consequently, the related appeal in ITA No. 2000/PUN/2017 was dismissed as it became irrelevant following the decision in the first appeal. The judgment highlights the necessity of accurately setting out charges in penalty notices to prevent invalidating the penalty order, in line with legal precedents. en-us Thu, 02 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 08:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412052 The Tribunal allowed the appeal in ITA No. 474/PUN/2017, overturning the penalty imposition under section 271(1)(c) of the Income-tax Act, 1961 due to a defect in the notice u/s. 274. The penalty was deleted as it was imposed without specific charges of concealment or furnishing inaccurate particulars of income. Consequently, the related appeal in ITA No. 2000/PUN/2017 was dismissed as it became irrelevant following the decision in the first appeal. The judgment highlights the necessity of accurately setting out charges in penalty notices to prevent invalidating the penalty order, in line with legal precedents. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412052