https://www.taxtmi.com/caselaws?id=333579 The High Court allowed the appeal, setting aside the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court found the penalty unsustainable due to the invalidity of the notice issued, which failed to specify the grounds for the penalty, violating principles of natural justice. The Court concluded that the Tribunal erred in not applying relevant precedent and declared the penalty proceedings invalid. The appeal was allowed, the penalty order was set aside, and the stay application was disposed of as redundant. en-us Wed, 21 Sep 2016 00:00:00 +0530 Wed, 30 Aug 2017 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333579 The High Court allowed the appeal, setting aside the penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court found the penalty unsustainable due to the invalidity of the notice issued, which failed to specify the grounds for the penalty, violating principles of natural justice. The Court concluded that the Tribunal erred in not applying relevant precedent and declared the penalty proceedings invalid. The appeal was allowed, the penalty order was set aside, and the stay application was disposed of as redundant. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333579