Penalty Quashed as Notice Failed to Specify Exact Section 271(1)(c) Charge: ITAT Raipur

Nilima Agrawal Vs ITO (ITAT Raipur) ITAT Allows Appeal Because Ambiguous Penalty Notice Violated Natural Justice; Penalty Proceedings Invalid Because Both Limbs Were Clubbed Without Clarity; CIT(A) Order Set Aside Because Defective Notice Made Proceedings Void Ab Initio; Appeal Allowed Because AO Did Not Apply Mind While Issuing Penalty Notice The Income Tax Appellate Tribunal adjudicated an appeal arising from the order of the Commissioner of Income Tax (Appeals)/NFAC dated 8 January 2025 for Assessment Year 2015–16. The assessee challenged the validity of penalty proceedings initiated und...