https://www.taxtmi.com/caselaws?id=423848 The Tribunal allowed the appeal, quashing penalty proceedings under section 271(1)(c) of the Income Tax Act as the notice failed to specify the charge. Imposition of penalty was deemed unjustified as the mistake was inadvertent, corrected voluntarily, and lacked evidence of deliberate concealment. Penalty of Rs. 2,04,372/- was deleted. en-us Mon, 13 Jun 2022 00:00:00 +0530 Tue, 14 Jun 2022 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423848 The Tribunal allowed the appeal, quashing penalty proceedings under section 271(1)(c) of the Income Tax Act as the notice failed to specify the charge. Imposition of penalty was deemed unjustified as the mistake was inadvertent, corrected voluntarily, and lacked evidence of deliberate concealment. Penalty of Rs. 2,04,372/- was deleted. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423848