https://www.taxtmi.com/caselaws?id=761907 The ITAT set aside the impugned order and allowed the appeal of the assessee, ruling that penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961, were unsustainable due to defective and ambiguous penalty notices. The Tribunal found that the notices failed to specify the relevant limb of section 271(1)(c), causing ambiguity. The Tribunal emphasized the necessity for clarity in penalty notices, referencing precedents that underscored the requirement for specificity in such legal documents. Consequently, the Tribunal concluded that the penalties imposed based on these flawed notices were invalid, thereby granting relief to the appellant. en-us Mon, 18 Nov 2024 00:00:00 +0530 Wed, 20 Nov 2024 08:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761907 The ITAT set aside the impugned order and allowed the appeal of the assessee, ruling that penalty proceedings under section 271(1)(c) of the Income Tax Act, 1961, were unsustainable due to defective and ambiguous penalty notices. The Tribunal found that the notices failed to specify the relevant limb of section 271(1)(c), causing ambiguity. The Tribunal emphasized the necessity for clarity in penalty notices, referencing precedents that underscored the requirement for specificity in such legal documents. Consequently, the Tribunal concluded that the penalties imposed based on these flawed notices were invalid, thereby granting relief to the appellant. Case-Laws Income Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761907