https://www.taxtmi.com/caselaws?id=462988 The ITAT Indore held that penalty proceedings under section 271AAB failed due to the AO's notices not specifying the exact charge or clause under which the penalty was invoked. The AO's lack of clarity regarding the default committed rendered the penalty notices invalid. Relying on precedents, the tribunal found that the assessee was not properly informed of the alleged default, resulting in the penalty proceedings being quashed. The appeal by the assessee was allowed. en-us Mon, 24 Feb 2025 00:00:00 +0530 Tue, 29 Jul 2025 20:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462988 The ITAT Indore held that penalty proceedings under section 271AAB failed due to the AO's notices not specifying the exact charge or clause under which the penalty was invoked. The AO's lack of clarity regarding the default committed rendered the penalty notices invalid. Relying on precedents, the tribunal found that the assessee was not properly informed of the alleged default, resulting in the penalty proceedings being quashed. The appeal by the assessee was allowed. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462988