https://www.taxtmi.com/caselaws?id=428472 The Appellate Tribunal allowed the Assessee's appeal, emphasizing the necessity of specifying the relevant limb of penalty proceedings under section 271(1)(c) in the notice issued by the Assessing Officer. The Tribunal held that the penalty was not leviable due to the vague and non-specific nature of the notice, following legal precedents that highlighted the importance of clarity in penalty proceedings. en-us Thu, 29 Sep 2022 00:00:00 +0530 Fri, 30 Sep 2022 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428472 The Appellate Tribunal allowed the Assessee's appeal, emphasizing the necessity of specifying the relevant limb of penalty proceedings under section 271(1)(c) in the notice issued by the Assessing Officer. The Tribunal held that the penalty was not leviable due to the vague and non-specific nature of the notice, following legal precedents that highlighted the importance of clarity in penalty proceedings. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428472