https://www.taxtmi.com/caselaws?id=416819 The tribunal found that penalty proceedings under Section 271AAB of the Income Tax Act were not valid due to inadequate and defective show cause notices issued by the Assessing Officer. The tribunal emphasized the necessity of clear and specific notices to allow the assessee to defend themselves properly. As a result, the penalties were deleted, and the Revenue's appeals were dismissed, highlighting the importance of procedural compliance in penalty proceedings. en-us Tue, 04 Jan 2022 00:00:00 +0530 Sat, 08 Jan 2022 09:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416819 The tribunal found that penalty proceedings under Section 271AAB of the Income Tax Act were not valid due to inadequate and defective show cause notices issued by the Assessing Officer. The tribunal emphasized the necessity of clear and specific notices to allow the assessee to defend themselves properly. As a result, the penalties were deleted, and the Revenue's appeals were dismissed, highlighting the importance of procedural compliance in penalty proceedings. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416819