https://www.taxtmi.com/caselaws?id=308527 The Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) of the Act for A.Y. 2015-16, amounting to Rs.55,85,200. The penalty notice was deemed invalid due to the failure to specify the charge clearly, rendering the penalty unsustainable. As the penalty notice lacked specificity, the Tribunal concluded that the penalty was not validly imposed. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty. en-us Wed, 11 Jan 2023 00:00:00 +0530 Fri, 30 Jun 2023 21:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308527 The Tribunal upheld the decision to delete the penalty imposed under section 271(1)(c) of the Act for A.Y. 2015-16, amounting to Rs.55,85,200. The penalty notice was deemed invalid due to the failure to specify the charge clearly, rendering the penalty unsustainable. As the penalty notice lacked specificity, the Tribunal concluded that the penalty was not validly imposed. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty. Case-Laws Income Tax Wed, 11 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308527