https://www.taxtmi.com/caselaws?id=765988 The ITAT Delhi held that penalty under section 271AAB(1A) was improperly levied due to vague and ambiguous notice. The AO failed to specify the exact offense under sub-section (1A) and issued notice under section 274 without mentioning the specific sub-section. The tribunal found the notice was issued mechanically without proper specification of charges. Following precedent in Jaina Marketing Associates, the penalty was deleted in favor of the assessee due to the defective notice lacking clarity on the specific violation being penalized. en-us Fri, 31 Jan 2025 00:00:00 +0530 Fri, 14 Feb 2025 08:26:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765988 The ITAT Delhi held that penalty under section 271AAB(1A) was improperly levied due to vague and ambiguous notice. The AO failed to specify the exact offense under sub-section (1A) and issued notice under section 274 without mentioning the specific sub-section. The tribunal found the notice was issued mechanically without proper specification of charges. Following precedent in Jaina Marketing Associates, the penalty was deleted in favor of the assessee due to the defective notice lacking clarity on the specific violation being penalized. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765988