https://www.taxtmi.com/caselaws?id=353081 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was unsustainable due to a defective show-cause notice that failed to specify the charge against the assessee. Relying on the precedent set by the Karnataka High Court, the Tribunal canceled the penalty, favoring the view that benefits the assessee in cases of defective notices. As a result, the penalty was revoked, and the assessee's appeal was successful. en-us Fri, 22 Dec 2017 00:00:00 +0530 Wed, 27 Dec 2017 10:16:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353081 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was unsustainable due to a defective show-cause notice that failed to specify the charge against the assessee. Relying on the precedent set by the Karnataka High Court, the Tribunal canceled the penalty, favoring the view that benefits the assessee in cases of defective notices. As a result, the penalty was revoked, and the assessee's appeal was successful. Case-Laws Income Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353081