https://www.taxtmi.com/caselaws?id=181511 The Tribunal held that the imposition of penalty under Section 271(1)(c) of the Income Tax Act was unsustainable due to the lack of proper satisfaction by the Assessing Officer and the defective show cause notice. The orders imposing penalty were canceled, and the appeal by the Assessee was allowed. The Tribunal did not address other arguments on the merits of the penalty order due to its conclusions on the primary issues. en-us Wed, 02 Dec 2015 00:00:00 +0530 Tue, 19 Apr 2016 12:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181511 The Tribunal held that the imposition of penalty under Section 271(1)(c) of the Income Tax Act was unsustainable due to the lack of proper satisfaction by the Assessing Officer and the defective show cause notice. The orders imposing penalty were canceled, and the appeal by the Assessee was allowed. The Tribunal did not address other arguments on the merits of the penalty order due to its conclusions on the primary issues. Case-Laws Income Tax Wed, 02 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181511