https://www.taxtmi.com/caselaws?id=271413 The Tribunal held that the penalty orders under Section 271(1)(c) were invalid due to defective show cause notices that did not specify the grounds for penalty. The Tribunal concluded that the assessee was not provided a fair opportunity to contest the penalty proceedings, leading to the cancellation of penalties imposed for the assessment years 2005-06 to 2008-09. The appeals of the assessee were allowed based on the lack of compliance with the principles of natural justice and the requirement for clear and specific show cause notices as per the judgment in the case of Manjunatha Cotton & Ginning Factory. en-us Fri, 04 Dec 2015 00:00:00 +0530 Thu, 04 Feb 2016 07:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271413 The Tribunal held that the penalty orders under Section 271(1)(c) were invalid due to defective show cause notices that did not specify the grounds for penalty. The Tribunal concluded that the assessee was not provided a fair opportunity to contest the penalty proceedings, leading to the cancellation of penalties imposed for the assessment years 2005-06 to 2008-09. The appeals of the assessee were allowed based on the lack of compliance with the principles of natural justice and the requirement for clear and specific show cause notices as per the judgment in the case of Manjunatha Cotton & Ginning Factory. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271413