https://www.taxtmi.com/caselaws?id=415258 The High Court upheld the Tribunal's decision to cancel the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to defective notices issued under Section 274 that did not specify charges clearly. Emphasizing the necessity for clear and specific notices, the Court dismissed the appeal, citing established legal principles and precedents supporting the requirement for informing the assessee of exact allegations to enable proper defense. The decision aligned with previous judgments, concluding that penalties cannot be imposed based on vague notices, ultimately ruling against the revenue. en-us Tue, 23 Nov 2021 00:00:00 +0530 Wed, 01 Dec 2021 08:50:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415258 The High Court upheld the Tribunal's decision to cancel the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to defective notices issued under Section 274 that did not specify charges clearly. Emphasizing the necessity for clear and specific notices, the Court dismissed the appeal, citing established legal principles and precedents supporting the requirement for informing the assessee of exact allegations to enable proper defense. The decision aligned with previous judgments, concluding that penalties cannot be imposed based on vague notices, ultimately ruling against the revenue. Case-Laws Income Tax Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415258