https://www.taxtmi.com/caselaws?id=462987 The ITAT Delhi held that the penalty notice issued under section 271AAB(1A) was defective and invalid due to the absence of specific charges and failure to mention the conditions under the section. The AO's notice was found to have a fatal error, rendering it not legally valid. Relying on precedent, the tribunal quashed the penalty proceedings and deleted the impugned penalty. The assessee's appeal was allowed on the ground of invalidity of the penalty notice. en-us Mon, 28 Oct 2024 00:00:00 +0530 Tue, 29 Jul 2025 20:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462987 The ITAT Delhi held that the penalty notice issued under section 271AAB(1A) was defective and invalid due to the absence of specific charges and failure to mention the conditions under the section. The AO's notice was found to have a fatal error, rendering it not legally valid. Relying on precedent, the tribunal quashed the penalty proceedings and deleted the impugned penalty. The assessee's appeal was allowed on the ground of invalidity of the penalty notice. Case-Laws Income Tax Mon, 28 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462987