https://www.taxtmi.com/caselaws?id=428603 The Tribunal allowed the appeal, quashing the penalty order as the penalty notice was found to be invalid and the penalty imposed was not justified based on the assessment made. The judgment reaffirmed the importance of clear and specific penalty notices in accordance with the provisions of the Income Tax Act to ensure procedural fairness and adherence to legal requirements. en-us Tue, 20 Sep 2022 00:00:00 +0530 Thu, 06 Oct 2022 08:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428603 The Tribunal allowed the appeal, quashing the penalty order as the penalty notice was found to be invalid and the penalty imposed was not justified based on the assessment made. The judgment reaffirmed the importance of clear and specific penalty notices in accordance with the provisions of the Income Tax Act to ensure procedural fairness and adherence to legal requirements. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428603