https://www.taxtmi.com/caselaws?id=302762 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act. The Tribunal found the notice issued under Section 274 to be invalid due to its vagueness, rendering the penalty proceedings invalid. The decision applied to assessment years 2010-11 and 2011-12, maintaining judicial consistency. The appeals were dismissed on 31st January 2019 with no order as to cost. en-us Thu, 31 Jan 2019 00:00:00 +0530 Fri, 17 Jun 2022 09:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302762 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete the penalty under Section 271(1)(c) of the Income Tax Act. The Tribunal found the notice issued under Section 274 to be invalid due to its vagueness, rendering the penalty proceedings invalid. The decision applied to assessment years 2010-11 and 2011-12, maintaining judicial consistency. The appeals were dismissed on 31st January 2019 with no order as to cost. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302762