https://www.taxtmi.com/caselaws?id=424608 The Tribunal held that the penalty imposed under section 271(1)(c) was invalid due to the vague penalty notice lacking specificity on the limb of penalty. Relying on legal precedents, the Tribunal found the notice deficient and concluded that the penalty was not leviable. As a result, the penalty imposed by the Assessing Officer was deleted, and the Assessee's appeal was allowed. en-us Mon, 27 Jun 2022 00:00:00 +0530 Tue, 05 Jul 2022 08:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424608 The Tribunal held that the penalty imposed under section 271(1)(c) was invalid due to the vague penalty notice lacking specificity on the limb of penalty. Relying on legal precedents, the Tribunal found the notice deficient and concluded that the penalty was not leviable. As a result, the penalty imposed by the Assessing Officer was deleted, and the Assessee's appeal was allowed. Case-Laws Income Tax Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424608