https://www.taxtmi.com/caselaws?id=303757 The Tribunal quashed the impugned order and allowed the appeal of the assessee, finding the notice issued under section 274 r.w.s. 271 of the Income Tax Act, 1961 to be defective as it contained both charges under section 271(1)(c) without specifying the relevant limb for initiating the penalty. Emphasizing the importance of clear and unambiguous notices in penalty proceedings, the Tribunal cited a High Court case and resolved the ambiguity in favor of the assessee, ultimately vitiating the penalty proceedings. en-us Tue, 18 Jan 2022 00:00:00 +0530 Tue, 09 Aug 2022 20:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303757 The Tribunal quashed the impugned order and allowed the appeal of the assessee, finding the notice issued under section 274 r.w.s. 271 of the Income Tax Act, 1961 to be defective as it contained both charges under section 271(1)(c) without specifying the relevant limb for initiating the penalty. Emphasizing the importance of clear and unambiguous notices in penalty proceedings, the Tribunal cited a High Court case and resolved the ambiguity in favor of the assessee, ultimately vitiating the penalty proceedings. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303757