https://www.taxtmi.com/caselaws?id=439645 The ITAT quashed the penalty order against the respondent due to a defective penalty notice under Section 271(1)(c) of the Income Tax Act, which failed to specify the grounds for penalty imposition. Citing precedent from the SC and High Courts, the ITAT emphasized the necessity for clarity in penalty notices. Consequently, the appeal was dismissed, as no substantial question of law was identified. The court also granted condonation for the appellant's delays in filing and re-filing the appeal, subject to all just exceptions. en-us Fri, 19 May 2023 00:00:00 +0530 Mon, 06 May 2024 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439645 The ITAT quashed the penalty order against the respondent due to a defective penalty notice under Section 271(1)(c) of the Income Tax Act, which failed to specify the grounds for penalty imposition. Citing precedent from the SC and High Courts, the ITAT emphasized the necessity for clarity in penalty notices. Consequently, the appeal was dismissed, as no substantial question of law was identified. The court also granted condonation for the appellant's delays in filing and re-filing the appeal, subject to all just exceptions. Case-Laws Income Tax Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439645