https://www.taxtmi.com/caselaws?id=354490 The Tribunal found the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 invalid due to the Assessing Officer's failure to specify the nature of the offense and inadequacy of show cause notices. Consequently, the penalty of Rs. 1,87,167 was deleted, emphasizing the necessity for clear recording of satisfaction and specific charges in penalty proceedings. The appeal was allowed on 19.01.2018. en-us Fri, 19 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 11:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354490 The Tribunal found the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 invalid due to the Assessing Officer's failure to specify the nature of the offense and inadequacy of show cause notices. Consequently, the penalty of Rs. 1,87,167 was deleted, emphasizing the necessity for clear recording of satisfaction and specific charges in penalty proceedings. The appeal was allowed on 19.01.2018. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354490