https://www.taxtmi.com/caselaws?id=415872 The ITAT allowed the appeal of the assessee, finding the penalty notice invalid as it did not specify the grounds for penalty imposition under section 271(1)(c) as required by law. The decision emphasized the significance of a valid and specific penalty notice in maintaining penalty orders. en-us Thu, 18 Nov 2021 00:00:00 +0530 Thu, 16 Dec 2021 09:06:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415872 The ITAT allowed the appeal of the assessee, finding the penalty notice invalid as it did not specify the grounds for penalty imposition under section 271(1)(c) as required by law. The decision emphasized the significance of a valid and specific penalty notice in maintaining penalty orders. Case-Laws Income Tax Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415872