https://www.taxtmi.com/caselaws?id=338814 The Tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act could not be sustained due to defective show cause notices that did not specify the exact charge. As a result, the penalties were canceled, and the assessee's appeals were allowed, while the revenue's appeals were dismissed. en-us Fri, 03 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 10:47:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338814 The Tribunal held that the penalty under Section 271(1)(c) of the Income Tax Act could not be sustained due to defective show cause notices that did not specify the exact charge. As a result, the penalties were canceled, and the assessee's appeals were allowed, while the revenue's appeals were dismissed. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338814