https://www.taxtmi.com/caselaws?id=430417 The Tribunal allowed the appeal, ruling in favor of the appellant due to a defective notice issued under section 274, rendering the penalty proceedings invalid and void ab initio. The Tribunal held that the notice failed to specify the exact charge against the assessee, making it defective as per legal precedents. Consequently, the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 was quashed. en-us Wed, 09 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430417 The Tribunal allowed the appeal, ruling in favor of the appellant due to a defective notice issued under section 274, rendering the penalty proceedings invalid and void ab initio. The Tribunal held that the notice failed to specify the exact charge against the assessee, making it defective as per legal precedents. Consequently, the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 was quashed. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430417