https://www.taxtmi.com/caselaws?id=427505 The appeal was allowed, and the penalty imposed under section 271(1)(c) for property loss and electricity expenses was set aside. The court emphasized the necessity of a clear penalty notice specifying the relevant limb under section 271(1)(c) for the Assessee to understand the charges. The penalty notice issued without specifying the limb was considered invalid, indicating a lack of application of mind. Consequently, the penalty was deemed not leviable, leading to the deletion of the penalty imposed by the Assessing Officer. en-us Tue, 26 Jul 2022 00:00:00 +0530 Sat, 10 Sep 2022 07:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427505 The appeal was allowed, and the penalty imposed under section 271(1)(c) for property loss and electricity expenses was set aside. The court emphasized the necessity of a clear penalty notice specifying the relevant limb under section 271(1)(c) for the Assessee to understand the charges. The penalty notice issued without specifying the limb was considered invalid, indicating a lack of application of mind. Consequently, the penalty was deemed not leviable, leading to the deletion of the penalty imposed by the Assessing Officer. Case-Laws Income Tax Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427505