https://www.taxtmi.com/caselaws?id=776018 Penalty under section 271(1)(c) was quashed due to a defective notice that failed to specify a clear charge, causing ambiguity about the basis for penalty. The tribunal relied on SC and HC precedents establishing that penalties must be initiated and levied on the same limb of the section, and that notices containing irrelevant matters or lacking clarity render penalty proceedings invalid. The defect in the notice was held incurable, resulting in the penalty being set aside in favor of the assessee. en-us Wed, 30 Jul 2025 00:00:00 +0530 Mon, 04 Aug 2025 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776018 Penalty under section 271(1)(c) was quashed due to a defective notice that failed to specify a clear charge, causing ambiguity about the basis for penalty. The tribunal relied on SC and HC precedents establishing that penalties must be initiated and levied on the same limb of the section, and that notices containing irrelevant matters or lacking clarity render penalty proceedings invalid. The defect in the notice was held incurable, resulting in the penalty being set aside in favor of the assessee. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776018