https://www.taxtmi.com/caselaws?id=440935 The Tribunal allowed the appeal by the assessee, challenging the penalty order under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11. The Tribunal found the penalty proceedings were flawed as the Assessing Officer did not specify the nature of the penalty in the notices issued, leading to the quashing of the penalty order. en-us Thu, 27 Jul 2023 00:00:00 +0530 Sat, 29 Jul 2023 08:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440935 The Tribunal allowed the appeal by the assessee, challenging the penalty order under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11. The Tribunal found the penalty proceedings were flawed as the Assessing Officer did not specify the nature of the penalty in the notices issued, leading to the quashing of the penalty order. Case-Laws Income Tax Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440935