https://www.taxtmi.com/caselaws?id=413822 The Tribunal allowed the appeal, quashing the penalty under Section 271(1)(c) of the Income Tax Act due to a defective notice that failed to specify the particular limb of the provision for which the penalty proceedings had been initiated. Citing legal precedents, the Tribunal emphasized the necessity of a clear and specific notice in penalty cases. The appeal was dismissed, as the issue was covered by existing judgments, and no substantial question of law arose for determination. The penalty was deemed invalid and was directed to be deleted by the Assessing Officer. en-us Mon, 11 Oct 2021 00:00:00 +0530 Thu, 21 Oct 2021 08:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413822 The Tribunal allowed the appeal, quashing the penalty under Section 271(1)(c) of the Income Tax Act due to a defective notice that failed to specify the particular limb of the provision for which the penalty proceedings had been initiated. Citing legal precedents, the Tribunal emphasized the necessity of a clear and specific notice in penalty cases. The appeal was dismissed, as the issue was covered by existing judgments, and no substantial question of law arose for determination. The penalty was deemed invalid and was directed to be deleted by the Assessing Officer. Case-Laws Income Tax Mon, 11 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413822