https://www.taxtmi.com/caselaws?id=354881 The Tribunal allowed the assessee's appeals, canceling the penalties imposed under Section 271(1)(c) of the Income Tax Act for the Assessment Years 2007-08 and 2012-13. The Tribunal found the show cause notice defective for not specifying the charge against the assessee, leading to the penalties being unsustainable. Consequently, the penalties were cancelled for both assessment years. en-us Fri, 02 Feb 2018 00:00:00 +0530 Tue, 06 Feb 2018 07:58:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354881 The Tribunal allowed the assessee's appeals, canceling the penalties imposed under Section 271(1)(c) of the Income Tax Act for the Assessment Years 2007-08 and 2012-13. The Tribunal found the show cause notice defective for not specifying the charge against the assessee, leading to the penalties being unsustainable. Consequently, the penalties were cancelled for both assessment years. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354881