https://www.taxtmi.com/caselaws?id=422753 The ITAT Delhi allowed the appeal, quashing the penalty order imposed under section 271(1)(c) of the I.T. Act for the assessment year 2009-10. Emphasizing the necessity of a notice specifying the grounds for penalty, the tribunal found the notice lacking specificity, rendering it defective. Relying on legal precedents, including decisions from the Karnataka High Court and Delhi High Court, the ITAT concluded that the defective notice invalidated the Assessing Officer's jurisdiction to levy the penalty. Consequently, the penalty was deleted, highlighting the importance of procedural fairness and adherence to legal requirements. en-us Thu, 19 May 2022 00:00:00 +0530 Sat, 21 May 2022 09:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422753 The ITAT Delhi allowed the appeal, quashing the penalty order imposed under section 271(1)(c) of the I.T. Act for the assessment year 2009-10. Emphasizing the necessity of a notice specifying the grounds for penalty, the tribunal found the notice lacking specificity, rendering it defective. Relying on legal precedents, including decisions from the Karnataka High Court and Delhi High Court, the ITAT concluded that the defective notice invalidated the Assessing Officer's jurisdiction to levy the penalty. Consequently, the penalty was deleted, highlighting the importance of procedural fairness and adherence to legal requirements. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422753