https://www.taxtmi.com/caselaws?id=27998 Penalty notices were not vitiated merely because the statutory provision or charge was inaccurately stated, where the assessee had effective notice, filed a reply, and showed no prejudice. Transitional penalty proceedings arising from earlier assessments were held to be governed procedurally by the 1961 Act under the saving provision. The Tribunal's approach was therefore not sustained on the grounds accepted by it, and the penalty matter was remitted for fresh consideration of the quantum and the relevant statutory prerequisites. en-us Wed, 17 Aug 1983 00:00:00 +0530 Fri, 31 Oct 2025 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27998 Penalty notices were not vitiated merely because the statutory provision or charge was inaccurately stated, where the assessee had effective notice, filed a reply, and showed no prejudice. Transitional penalty proceedings arising from earlier assessments were held to be governed procedurally by the 1961 Act under the saving provision. The Tribunal's approach was therefore not sustained on the grounds accepted by it, and the penalty matter was remitted for fresh consideration of the quantum and the relevant statutory prerequisites. Case-Laws Income Tax Wed, 17 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27998