https://www.taxtmi.com/caselaws?id=422474 The Tribunal invalidated the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2006-07. The notice for levy of penalty was defective as it contained both limbs of the section without striking out the irrelevant limb, leading to the penalty order being overturned. The CIT(A)'s direction to enhance the penalty was deemed unjustified due to the initial defect in the notice. The Tribunal emphasized the necessity of accurately framing charges in penalty notices and ensuring compliance with legal provisions, ultimately ruling in favor of the appellant. en-us Thu, 12 May 2022 00:00:00 +0530 Mon, 16 May 2022 08:43:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422474 The Tribunal invalidated the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 for the assessment year 2006-07. The notice for levy of penalty was defective as it contained both limbs of the section without striking out the irrelevant limb, leading to the penalty order being overturned. The CIT(A)'s direction to enhance the penalty was deemed unjustified due to the initial defect in the notice. The Tribunal emphasized the necessity of accurately framing charges in penalty notices and ensuring compliance with legal provisions, ultimately ruling in favor of the appellant. Case-Laws Income Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422474