https://www.taxtmi.com/caselaws?id=354505 The Tribunal quashed the penalty imposed under Section 271(1)(c) due to lack of specificity in the notice issued under Section 274, which failed to clearly state the grounds for the penalty. The Tribunal emphasized the necessity for clear and specific notices to comply with principles of natural justice, citing relevant case law. As a result, the penalty was deemed invalid and was deleted, highlighting the significance of precise grounds in penalty notices to ensure fairness. en-us Thu, 25 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 11:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354505 The Tribunal quashed the penalty imposed under Section 271(1)(c) due to lack of specificity in the notice issued under Section 274, which failed to clearly state the grounds for the penalty. The Tribunal emphasized the necessity for clear and specific notices to comply with principles of natural justice, citing relevant case law. As a result, the penalty was deemed invalid and was deleted, highlighting the significance of precise grounds in penalty notices to ensure fairness. Case-Laws Income Tax Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354505