https://www.taxtmi.com/caselaws?id=353552 The Tribunal canceled the penalty order of Rs. 2,73,922 imposed under section 271(1)(c) of the Act for lack of clarity in the penalty notice specifying the nature of the offense. Emphasizing the importance of clear notices, the Tribunal found that the ambiguity hindered the assessee's ability to defend against the penalty. Relying on legal precedents, including Supreme Court and High Court judgments, the Tribunal concluded that the penalty proceedings lacked proper consideration and were unsustainable, ultimately ruling in favor of the assessee and canceling the penalty order. en-us Wed, 03 Jan 2018 00:00:00 +0530 Wed, 28 Feb 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353552 The Tribunal canceled the penalty order of Rs. 2,73,922 imposed under section 271(1)(c) of the Act for lack of clarity in the penalty notice specifying the nature of the offense. Emphasizing the importance of clear notices, the Tribunal found that the ambiguity hindered the assessee's ability to defend against the penalty. Relying on legal precedents, including Supreme Court and High Court judgments, the Tribunal concluded that the penalty proceedings lacked proper consideration and were unsustainable, ultimately ruling in favor of the assessee and canceling the penalty order. Case-Laws Income Tax Wed, 03 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353552