https://www.taxtmi.com/caselaws?id=429587 The appeal challenged the initiation of penalty without specific charges under sections 274 and 271(1)(c) of the Income Tax Act. The notice lacked specificity, leading to the quashing of the penalty order by the Hon'ble Bombay High Court. The court emphasized the importance of a clear and specific notice to inform the assessee of the grounds for penalty imposition. The judgment highlighted procedural irregularities and the necessity of strict compliance with statutory requirements in penalty proceedings, ultimately ensuring fairness and adherence to procedural norms. en-us Fri, 21 Oct 2022 00:00:00 +0530 Mon, 31 Oct 2022 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429587 The appeal challenged the initiation of penalty without specific charges under sections 274 and 271(1)(c) of the Income Tax Act. The notice lacked specificity, leading to the quashing of the penalty order by the Hon'ble Bombay High Court. The court emphasized the importance of a clear and specific notice to inform the assessee of the grounds for penalty imposition. The judgment highlighted procedural irregularities and the necessity of strict compliance with statutory requirements in penalty proceedings, ultimately ensuring fairness and adherence to procedural norms. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429587