https://www.taxtmi.com/caselaws?id=190730 The penalty order under section 271(1)(c) for the assessment year 2005-06 was challenged due to lack of specification in the notice regarding the charge. The court emphasized the importance of clear direction to initiate penalty proceedings and specified grounds in the notice to uphold natural justice principles. Referring to relevant case law, the court quashed the penalty, highlighting the necessity of clarity in specifying penalty grounds and adherence to legal provisions. The appeal was allowed, emphasizing the significance of procedural fairness and distinguishing between assessment and penalty proceedings. en-us Fri, 11 Nov 2016 00:00:00 +0530 Fri, 24 Feb 2017 00:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190730 The penalty order under section 271(1)(c) for the assessment year 2005-06 was challenged due to lack of specification in the notice regarding the charge. The court emphasized the importance of clear direction to initiate penalty proceedings and specified grounds in the notice to uphold natural justice principles. Referring to relevant case law, the court quashed the penalty, highlighting the necessity of clarity in specifying penalty grounds and adherence to legal provisions. The appeal was allowed, emphasizing the significance of procedural fairness and distinguishing between assessment and penalty proceedings. Case-Laws Income Tax Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190730