https://www.taxtmi.com/caselaws?id=337917 The Tribunal set aside the penalty order imposed under Section 271(1)(c) of the Income Tax Act due to the vague notice issued under Section 274 and the inconsistent recording of satisfaction by the Assessing Officer. The appeal of the assessee was allowed, emphasizing the necessity of clear and specific charges in penalty proceedings to uphold principles of natural justice. en-us Wed, 18 Jan 2017 00:00:00 +0530 Fri, 20 Jan 2017 07:26:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337917 The Tribunal set aside the penalty order imposed under Section 271(1)(c) of the Income Tax Act due to the vague notice issued under Section 274 and the inconsistent recording of satisfaction by the Assessing Officer. The appeal of the assessee was allowed, emphasizing the necessity of clear and specific charges in penalty proceedings to uphold principles of natural justice. Case-Laws Income Tax Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337917