https://www.taxtmi.com/caselaws?id=192953 The Tribunal found the penalty notice issued to the assessee invalid as it lacked specificity in stating the grounds for penalty under Section 271(1)(c) of the Income Tax Act, 1961. Consequently, the penalty order of Rs. 1,21,491/- imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was deemed invalid. The appeal was allowed, and the penalty was canceled on 24/08/2016. en-us Wed, 24 Aug 2016 00:00:00 +0530 Wed, 05 Jul 2017 10:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192953 The Tribunal found the penalty notice issued to the assessee invalid as it lacked specificity in stating the grounds for penalty under Section 271(1)(c) of the Income Tax Act, 1961. Consequently, the penalty order of Rs. 1,21,491/- imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was deemed invalid. The appeal was allowed, and the penalty was canceled on 24/08/2016. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192953