https://www.taxtmi.com/highlights?id=81375 Section 271(1)(c) penalty was held invalid due to improper issuance of notice, as no proceedings were pending when the notice was issued on 19.12.2019. Section 271A penalty for failure to maintain books of accounts as per Rule 6F was upheld, as the assessee confirmed non-maintenance of required records. The Appellate Tribunal dismissed the appeal against Section 271A penalty but quashed the Section 271(1)(c) penalty order as invalid and bad in law. en-us Mon, 16 Sep 2024 07:59:08 +0530 Mon, 16 Sep 2024 07:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81375 Section 271(1)(c) penalty was held invalid due to improper issuance of notice, as no proceedings were pending when the notice was issued on 19.12.2019. Section 271A penalty for failure to maintain books of accounts as per Rule 6F was upheld, as the assessee confirmed non-maintenance of required records. The Appellate Tribunal dismissed the appeal against Section 271A penalty but quashed the Section 271(1)(c) penalty order as invalid and bad in law. Highlights Income Tax Mon, 16 Sep 2024 07:59:08 +0530 https://www.taxtmi.com/highlights?id=81375