HC Upholds Deletion of Penalty as Notice Lacks Precision on Section 271(1)(c) Limb

CIT (Exemptions) Vs Jamnalal Bajaj Foundation (Delhi High Court) CIT (Exemptions) vs. Jamnalal Bajaj Foundation: Delhi High Court Upholds Deletion of Penalty due to Ambiguous Notice Introduction: In a recent case between the Commissioner of Income Tax (Exemptions) and Jamnalal Bajaj Foundation, the Delhi High Court addressed an appeal related to the Assessment Year 2009-10. The appellant sought to challenge the order dated September 3, 2021, passed by the Income Tax Appellate Tribunal (ITAT). The case revolved around a penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, with ...