https://www.taxtmi.com/caselaws?id=426245 The ITAT allowed the appeal, quashing the penalty order under section 271(1)(c) of the Income Tax Act due to a defective notice issued for the penalty proceedings. The defective notice, lacking specificity on the grounds for the penalty, rendered the penalty proceedings invalid, following legal precedents emphasizing the need for clear and unambiguous notices in such cases. The decision highlighted the significance of precise penalty notices to uphold the validity of penalty actions under the Act. en-us Thu, 02 Jun 2022 00:00:00 +0530 Wed, 10 Aug 2022 09:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426245 The ITAT allowed the appeal, quashing the penalty order under section 271(1)(c) of the Income Tax Act due to a defective notice issued for the penalty proceedings. The defective notice, lacking specificity on the grounds for the penalty, rendered the penalty proceedings invalid, following legal precedents emphasizing the need for clear and unambiguous notices in such cases. The decision highlighted the significance of precise penalty notices to uphold the validity of penalty actions under the Act. Case-Laws Income Tax Thu, 02 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426245