https://www.taxtmi.com/caselaws?id=779432 ITAT PUNE - AT held the penalty proceedings under s.271(1)(c) read with s.274 defective because the show-cause notices, issued at two stages, alleged both limbs without specifying which limb formed the basis for penalty, thereby failing to inform the assessee of the precise charge. The Tribunal followed binding precedents of BOMB HC (LB) and a recent SC order holding similar standard-format notices invalid where irrelevant limbs were not struck out, and consequently found the penalty initiation/ imposition unsustainable against the Revenue. en-us Fri, 03 Oct 2025 00:00:00 +0530 Mon, 06 Oct 2025 09:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779432 ITAT PUNE - AT held the penalty proceedings under s.271(1)(c) read with s.274 defective because the show-cause notices, issued at two stages, alleged both limbs without specifying which limb formed the basis for penalty, thereby failing to inform the assessee of the precise charge. The Tribunal followed binding precedents of BOMB HC (LB) and a recent SC order holding similar standard-format notices invalid where irrelevant limbs were not struck out, and consequently found the penalty initiation/ imposition unsustainable against the Revenue. Case-Laws Income Tax Fri, 03 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779432