https://www.taxtmi.com/caselaws?id=412879 The Tribunal quashed the penalties imposed under section 271(1)(c) for the assessment years 2010-11 and 2014-15. In both cases, the penalties were invalidated due to the lack of specific charges mentioned in the notices, following legal precedents emphasizing the necessity of clear charges for levying penalties. The Tribunal ruled in favor of the appellant, citing Supreme Court and High Court decisions, and highlighted the importance of adhering to legal requirements in penalty proceedings. en-us Tue, 28 Sep 2021 00:00:00 +0530 Tue, 28 Sep 2021 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412879 The Tribunal quashed the penalties imposed under section 271(1)(c) for the assessment years 2010-11 and 2014-15. In both cases, the penalties were invalidated due to the lack of specific charges mentioned in the notices, following legal precedents emphasizing the necessity of clear charges for levying penalties. The Tribunal ruled in favor of the appellant, citing Supreme Court and High Court decisions, and highlighted the importance of adhering to legal requirements in penalty proceedings. Case-Laws Income Tax Tue, 28 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412879