https://www.taxtmi.com/caselaws?id=436457 The Tribunal quashed the penalty order under section 271(1)(c) for Assessment Year 2012-13 due to the penalty notice not specifying the exact limb of Section 271(1)(c) as required by law. Following the precedent set by the Hon'ble Bombay High Court (Full Bench at Goa), the penalty proceedings were deemed bad in law, leading to the allowance of the assessee's appeal. Other grounds raised were not addressed as the penalty order was already quashed. en-us Tue, 11 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 08:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436457 The Tribunal quashed the penalty order under section 271(1)(c) for Assessment Year 2012-13 due to the penalty notice not specifying the exact limb of Section 271(1)(c) as required by law. Following the precedent set by the Hon'ble Bombay High Court (Full Bench at Goa), the penalty proceedings were deemed bad in law, leading to the allowance of the assessee's appeal. Other grounds raised were not addressed as the penalty order was already quashed. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436457