https://www.taxtmi.com/caselaws?id=60325 The Tribunal invalidated penalty proceedings due to incorrect initiation under section 273(1)(b) and lack of a proper notice under section 273(1)(a). Emphasizing the need for a specific charge notice, the Tribunal set aside the CIT(A)'s order and quashed the penalty imposed by the Assessing Officer. It was clarified that the CIT(A) lacks authority to remit the penalty for reconsideration. The appeal by the assessee was allowed. en-us Fri, 28 Jun 1996 00:00:00 +0530 Tue, 04 Jan 2011 16:47:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60325 The Tribunal invalidated penalty proceedings due to incorrect initiation under section 273(1)(b) and lack of a proper notice under section 273(1)(a). Emphasizing the need for a specific charge notice, the Tribunal set aside the CIT(A)'s order and quashed the penalty imposed by the Assessing Officer. It was clarified that the CIT(A) lacks authority to remit the penalty for reconsideration. The appeal by the assessee was allowed. Case-Laws Income Tax Fri, 28 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60325