https://www.taxtmi.com/caselaws?id=260019 The Tribunal canceled the penalty of Rs. 2,10,687 imposed under Section 271(1)(c) for the Assessment Year 2008-09, as the notice initiating penalty proceedings was deemed invalid due to lack of specificity. The Tribunal followed the High Court's ruling that a vague notice violates principles of natural justice, rendering penalty proceedings invalid. Consequently, the Tribunal did not address the merits of the penalty itself, solely focusing on the procedural flaw in the notice issuance. The assessee's appeal was allowed based on the invalidity of the notice. en-us Fri, 10 Apr 2015 00:00:00 +0530 Fri, 29 May 2015 06:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260019 The Tribunal canceled the penalty of Rs. 2,10,687 imposed under Section 271(1)(c) for the Assessment Year 2008-09, as the notice initiating penalty proceedings was deemed invalid due to lack of specificity. The Tribunal followed the High Court's ruling that a vague notice violates principles of natural justice, rendering penalty proceedings invalid. Consequently, the Tribunal did not address the merits of the penalty itself, solely focusing on the procedural flaw in the notice issuance. The assessee's appeal was allowed based on the invalidity of the notice. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260019