https://www.taxtmi.com/caselaws?id=341475 The Tribunal invalidated penalty proceedings initiated under section 271(1)(c) of the Income Tax Act, 1961, and the penalty order dated 27.09.2013 due to a defective notice issued by the Assessing Officer. The Tribunal emphasized the necessity of clear and specific grounds for penalty in the notice, citing judicial precedents. Consequently, the penalties on four additions/disallowances were canceled, addressing the assessee's grievances comprehensively. The Tribunal's decision was based on established legal principles and rendered the penalty proceedings and order legally unsustainable. en-us Wed, 05 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341475 The Tribunal invalidated penalty proceedings initiated under section 271(1)(c) of the Income Tax Act, 1961, and the penalty order dated 27.09.2013 due to a defective notice issued by the Assessing Officer. The Tribunal emphasized the necessity of clear and specific grounds for penalty in the notice, citing judicial precedents. Consequently, the penalties on four additions/disallowances were canceled, addressing the assessee's grievances comprehensively. The Tribunal's decision was based on established legal principles and rendered the penalty proceedings and order legally unsustainable. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341475