https://www.taxtmi.com/caselaws?id=339427 The High Court held that a notice under Section 274 read with Section 271(1)(c) of the Income Tax Act must specify the grounds for penalty initiation. Failure to do so violates principles of natural justice. The Court found the penalty order unsustainable due to the lack of specificity in the notice, setting aside the penalty imposed on the assessee. en-us Wed, 15 Feb 2017 00:00:00 +0530 Wed, 30 Aug 2017 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339427 The High Court held that a notice under Section 274 read with Section 271(1)(c) of the Income Tax Act must specify the grounds for penalty initiation. Failure to do so violates principles of natural justice. The Court found the penalty order unsustainable due to the lack of specificity in the notice, setting aside the penalty imposed on the assessee. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339427