https://www.taxtmi.com/caselaws?id=429596 The Tribunal allowed the appeal in favor of the assessee, emphasizing the importance of complying with legal requirements in penalty proceedings. The penalty notice was deemed invalid due to the Assessing Officer's failure to specify the charge under section 271(1)(c), following the Delhi High Court's judgment. As a result, the penalty imposed on the assessee was directed to be deleted, highlighting the necessity of specifying the charge under which penalties are imposed to ensure validity. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 01 Nov 2022 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429596 The Tribunal allowed the appeal in favor of the assessee, emphasizing the importance of complying with legal requirements in penalty proceedings. The penalty notice was deemed invalid due to the Assessing Officer's failure to specify the charge under section 271(1)(c), following the Delhi High Court's judgment. As a result, the penalty imposed on the assessee was directed to be deleted, highlighting the necessity of specifying the charge under which penalties are imposed to ensure validity. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429596