https://www.taxtmi.com/caselaws?id=436919 The Tribunal allowed the appeal, condoning the delay in filing due to valid reasons provided. The penalty imposed under section 271(1)(c) was deemed invalid as the Assessing Officer failed to specify the default, rendering the penalty proceedings defective and unsustainable. The lack of clarity regarding the default for the penalty led to the Tribunal ruling in favor of the assessee. en-us Thu, 20 Apr 2023 00:00:00 +0530 Mon, 24 Apr 2023 09:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436919 The Tribunal allowed the appeal, condoning the delay in filing due to valid reasons provided. The penalty imposed under section 271(1)(c) was deemed invalid as the Assessing Officer failed to specify the default, rendering the penalty proceedings defective and unsustainable. The lack of clarity regarding the default for the penalty led to the Tribunal ruling in favor of the assessee. Case-Laws Income Tax Thu, 20 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436919