https://www.taxtmi.com/caselaws?id=327263 The Tribunal invalidated penalty orders imposed under Section 271(1)(c) of the Income Tax Act for assessment years 2006-07 and 2007-08. The show cause notice issued under Section 274 was found defective for not specifying the exact charge, violating principles of natural justice. Consequently, the penalty orders were canceled, and the assessee's appeals were allowed. Other arguments on the penalty's merits were not addressed due to the decisive conclusion on the defective notice. en-us Wed, 23 Mar 2016 00:00:00 +0530 Sat, 07 May 2016 11:16:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327263 The Tribunal invalidated penalty orders imposed under Section 271(1)(c) of the Income Tax Act for assessment years 2006-07 and 2007-08. The show cause notice issued under Section 274 was found defective for not specifying the exact charge, violating principles of natural justice. Consequently, the penalty orders were canceled, and the assessee's appeals were allowed. Other arguments on the penalty's merits were not addressed due to the decisive conclusion on the defective notice. Case-Laws Income Tax Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327263