https://www.taxtmi.com/caselaws?id=416618 The ITAT allowed the assessee's appeals, holding the penalty proceedings invalid due to a defective notice and finding the penalty unjustified on the merits. The judgment emphasizes the necessity of clear notices in penalty proceedings and the requirement for proper justification before imposing penalties under Section 271(1)(c) of the Income Tax Act. en-us Wed, 08 Dec 2021 00:00:00 +0530 Mon, 03 Jan 2022 08:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416618 The ITAT allowed the assessee's appeals, holding the penalty proceedings invalid due to a defective notice and finding the penalty unjustified on the merits. The judgment emphasizes the necessity of clear notices in penalty proceedings and the requirement for proper justification before imposing penalties under Section 271(1)(c) of the Income Tax Act. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416618