https://www.taxtmi.com/caselaws?id=755740 The ITAT allowed the assessee's appeal, quashing the penalty under section 271(1)(c) of the Income-tax Act due to a defective penalty notice. The notice failed to specify charges, rendering it an unsustainable omnibus notice. Citing precedents, the ITAT emphasized that specificity in penalty notices is crucial, leading to the penalty's invalidation. en-us Tue, 16 Jul 2024 00:00:00 +0530 Wed, 17 Jul 2024 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755740 The ITAT allowed the assessee's appeal, quashing the penalty under section 271(1)(c) of the Income-tax Act due to a defective penalty notice. The notice failed to specify charges, rendering it an unsustainable omnibus notice. Citing precedents, the ITAT emphasized that specificity in penalty notices is crucial, leading to the penalty's invalidation. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755740