https://www.taxtmi.com/caselaws?id=196297 The Tribunal allowed the assessee's appeal challenging the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. The Tribunal held that the defective notice issued by the Assessing Officer, which did not clearly specify the charge for the penalty, rendered the penalty invalid. Additionally, the inconsistency in the charge for the penalty between the grounds for initiating penalty and the actual charge in the order was deemed a lack of coherence in reasoning. As a result, the Tribunal directed the cancellation of the penalty, setting aside the impugned order and allowing the assessee's appeal. en-us Wed, 22 Feb 2017 00:00:00 +0530 Fri, 24 Nov 2017 21:26:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196297 The Tribunal allowed the assessee's appeal challenging the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2006-07. The Tribunal held that the defective notice issued by the Assessing Officer, which did not clearly specify the charge for the penalty, rendered the penalty invalid. Additionally, the inconsistency in the charge for the penalty between the grounds for initiating penalty and the actual charge in the order was deemed a lack of coherence in reasoning. As a result, the Tribunal directed the cancellation of the penalty, setting aside the impugned order and allowing the assessee's appeal. Case-Laws Income Tax Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196297