https://www.taxtmi.com/caselaws?id=444975 ITAT Raipur set aside penalty under Section 271(1)(c) due to defective notice. The AO failed to strike off irrelevant defaults and did not clearly specify the exact charges against the assessee in the show cause notice. This left the assessee unable to properly defend against the penalty proceedings. The tribunal held that the AO's failure to discharge statutory obligations under Section 274(1) violated procedural requirements, making the penalty unsustainable. The CIT(A)'s order upholding the penalty was reversed, and the penalty was quashed in favor of the assessee. en-us Wed, 25 Oct 2023 00:00:00 +0530 Fri, 27 Oct 2023 09:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444975 ITAT Raipur set aside penalty under Section 271(1)(c) due to defective notice. The AO failed to strike off irrelevant defaults and did not clearly specify the exact charges against the assessee in the show cause notice. This left the assessee unable to properly defend against the penalty proceedings. The tribunal held that the AO's failure to discharge statutory obligations under Section 274(1) violated procedural requirements, making the penalty unsustainable. The CIT(A)'s order upholding the penalty was reversed, and the penalty was quashed in favor of the assessee. Case-Laws Income Tax Wed, 25 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444975