https://www.taxtmi.com/caselaws?id=436663 The Tribunal allowed the appeal, quashing the penalty imposed under section 271(1)(c) of the Income-tax Act due to a defective penalty notice lacking specificity in the charge. The decision emphasized the necessity for specificity in penalty notices, following legal precedent that an omnibus notice without detailing the charge renders the penalty unsustainable. The Tribunal's ruling upheld the statutory requirement for clear and informed penalty proceedings, setting aside the penalty based on the defect in the notice without delving into the case's merits. en-us Wed, 12 Apr 2023 00:00:00 +0530 Mon, 17 Apr 2023 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436663 The Tribunal allowed the appeal, quashing the penalty imposed under section 271(1)(c) of the Income-tax Act due to a defective penalty notice lacking specificity in the charge. The decision emphasized the necessity for specificity in penalty notices, following legal precedent that an omnibus notice without detailing the charge renders the penalty unsustainable. The Tribunal's ruling upheld the statutory requirement for clear and informed penalty proceedings, setting aside the penalty based on the defect in the notice without delving into the case's merits. Case-Laws Income Tax Wed, 12 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436663