https://www.taxtmi.com/caselaws?id=422829 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the penalty notice lacked specificity regarding the limb under which the penalty was to be imposed, rendering it defective. Emphasizing that penalties based on such defective notices could not be sustained, the Tribunal concluded in favor of the assessee, leading to the deletion of the penalty. en-us Wed, 11 May 2022 00:00:00 +0530 Mon, 23 May 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422829 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the penalty notice lacked specificity regarding the limb under which the penalty was to be imposed, rendering it defective. Emphasizing that penalties based on such defective notices could not be sustained, the Tribunal concluded in favor of the assessee, leading to the deletion of the penalty. Case-Laws Income Tax Wed, 11 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422829