https://www.taxtmi.com/caselaws?id=771957 The ITAT Pune allowed the assessee's appeal and deleted the penalty imposed under section 271(1)(c) of the IT Act. The tribunal found the penalty notice defective as it failed to specify the particular charge or violation for which the penalty was being imposed. Following the precedent set by the Bombay HC in Times Global Broadcasting Ltd, the tribunal held that an incorrect or defective notice renders the penalty proceedings invalid, resulting in the complete deletion of the penalty. en-us Fri, 30 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771957 The ITAT Pune allowed the assessee's appeal and deleted the penalty imposed under section 271(1)(c) of the IT Act. The tribunal found the penalty notice defective as it failed to specify the particular charge or violation for which the penalty was being imposed. Following the precedent set by the Bombay HC in Times Global Broadcasting Ltd, the tribunal held that an incorrect or defective notice renders the penalty proceedings invalid, resulting in the complete deletion of the penalty. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771957