https://www.taxtmi.com/caselaws?id=355248 The tribunal allowed the appeal, canceling the penalty imposed on the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The tribunal found the show cause notice under Section 274 to be defective as it lacked specificity regarding the charges against the assessee. Citing precedents emphasizing the need for clear charges in penalty proceedings, the tribunal ruled in favor of the assessee, directing the cancellation of the penalty. en-us Fri, 09 Feb 2018 00:00:00 +0530 Mon, 12 Feb 2018 07:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355248 The tribunal allowed the appeal, canceling the penalty imposed on the assessee under Section 271(1)(c) of the Income Tax Act, 1961. The tribunal found the show cause notice under Section 274 to be defective as it lacked specificity regarding the charges against the assessee. Citing precedents emphasizing the need for clear charges in penalty proceedings, the tribunal ruled in favor of the assessee, directing the cancellation of the penalty. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355248