https://www.taxtmi.com/caselaws?id=327996 The Tribunal allowed the appeal, canceling the penalty orders imposed on the assessee under Section 271(1)(c) of the Income Tax Act. The Tribunal found the show cause notice issued by the Assessing Officer to be defective and lacking proper initiation of penalty proceedings, rendering the penalty imposition invalid. Consequently, the penalty was canceled, and the appeal was allowed in favor of the assessee. en-us Fri, 20 May 2016 00:00:00 +0530 Mon, 23 May 2016 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327996 The Tribunal allowed the appeal, canceling the penalty orders imposed on the assessee under Section 271(1)(c) of the Income Tax Act. The Tribunal found the show cause notice issued by the Assessing Officer to be defective and lacking proper initiation of penalty proceedings, rendering the penalty imposition invalid. Consequently, the penalty was canceled, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 20 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327996