https://www.taxtmi.com/caselaws?id=416820 The Tribunal found the notice issued under section 274 read with section 271(1)(c) invalid as it failed to specify the grounds for the penalty. Relying on precedents, including a High Court decision, the penalty of Rs. 3,30,000/- was deleted. The Tribunal did not address other grounds as the penalty was already deleted due to procedural defects. The appeal was allowed, and the penalty was directed to be deleted. en-us Tue, 04 Jan 2022 00:00:00 +0530 Sat, 08 Jan 2022 09:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416820 The Tribunal found the notice issued under section 274 read with section 271(1)(c) invalid as it failed to specify the grounds for the penalty. Relying on precedents, including a High Court decision, the penalty of Rs. 3,30,000/- was deleted. The Tribunal did not address other grounds as the penalty was already deleted due to procedural defects. The appeal was allowed, and the penalty was directed to be deleted. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416820