https://www.taxtmi.com/caselaws?id=415995 The appeal was successful as the Tribunal found the penalty notice issued under Section 274 to be defective for not specifying the grounds for the penalty, rendering the penalty order void ab initio. The Tribunal referenced precedents emphasizing the necessity of clarity in penalty notices. Consequently, the imposition of penalty under Section 271(1)(c) was deemed unsustainable, leading to the cancellation of the penalty and allowing the appeal filed by the assessee. en-us Tue, 30 Nov 2021 00:00:00 +0530 Sat, 18 Dec 2021 08:47:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415995 The appeal was successful as the Tribunal found the penalty notice issued under Section 274 to be defective for not specifying the grounds for the penalty, rendering the penalty order void ab initio. The Tribunal referenced precedents emphasizing the necessity of clarity in penalty notices. Consequently, the imposition of penalty under Section 271(1)(c) was deemed unsustainable, leading to the cancellation of the penalty and allowing the appeal filed by the assessee. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415995