https://www.taxtmi.com/caselaws?id=413176 The ITAT concluded that the penalty proceedings initiated under section 271(1)(c) were invalid due to the defective show-cause notice under section 274. The Tribunal held that the penalty imposed on the assessee could not be sustained and thereby canceled the penalty. The appeal of the assessee was allowed, and the order was pronounced in the open court on 1st October 2021. en-us Fri, 01 Oct 2021 00:00:00 +0530 Wed, 06 Oct 2021 08:47:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413176 The ITAT concluded that the penalty proceedings initiated under section 271(1)(c) were invalid due to the defective show-cause notice under section 274. The Tribunal held that the penalty imposed on the assessee could not be sustained and thereby canceled the penalty. The appeal of the assessee was allowed, and the order was pronounced in the open court on 1st October 2021. Case-Laws Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413176