https://www.taxtmi.com/caselaws?id=331119 The Appellate Tribunal allowed the appeal and deleted the penalty imposed under Section 271(1)(c) for Assessment Year 2009-10. The Tribunal found the show cause notice deficient in specifying grounds for penalty, following High Court precedent emphasizing clear identification of penalty basis. Emphasizing the independence of penalty proceedings, the Tribunal clarified that penalty initiation requires adherence to specific legal conditions. The judgment highlighted that mens rea is not essential for such penalties and underscored the need for unambiguous penalty direction and notice specificity. en-us Thu, 30 Jun 2016 00:00:00 +0530 Sat, 13 Aug 2016 12:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331119 The Appellate Tribunal allowed the appeal and deleted the penalty imposed under Section 271(1)(c) for Assessment Year 2009-10. The Tribunal found the show cause notice deficient in specifying grounds for penalty, following High Court precedent emphasizing clear identification of penalty basis. Emphasizing the independence of penalty proceedings, the Tribunal clarified that penalty initiation requires adherence to specific legal conditions. The judgment highlighted that mens rea is not essential for such penalties and underscored the need for unambiguous penalty direction and notice specificity. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331119