https://www.taxtmi.com/caselaws?id=354158 The ITAT Kolkata allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The tribunal found that the show cause notice lacked a specific charge against the assessee, following the precedent that a clear charge is necessary for sustaining a penalty. The decision emphasized the importance of informing the assessee properly and providing an opportunity to respond to any proposed penalties. en-us Wed, 17 Jan 2018 00:00:00 +0530 Fri, 19 Jan 2018 08:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354158 The ITAT Kolkata allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. The tribunal found that the show cause notice lacked a specific charge against the assessee, following the precedent that a clear charge is necessary for sustaining a penalty. The decision emphasized the importance of informing the assessee properly and providing an opportunity to respond to any proposed penalties. Case-Laws Income Tax Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354158