https://www.taxtmi.com/caselaws?id=356439 The Tribunal dismissed all revenue's appeals challenging the cancellation of penalties under section 271(1)(c) of the Income Tax Act due to the lack of specification of charges in the notice. The judgment emphasized the necessity of a clear charge in the notice for imposing penalties, following the precedent set by the Hon'ble Karnataka High Court. The decision highlighted the importance of procedural compliance and favored the assessee by deeming the imposition of penalties unsustainable due to the ambiguity in the show cause notice. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 06 Mar 2018 06:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356439 The Tribunal dismissed all revenue's appeals challenging the cancellation of penalties under section 271(1)(c) of the Income Tax Act due to the lack of specification of charges in the notice. The judgment emphasized the necessity of a clear charge in the notice for imposing penalties, following the precedent set by the Hon'ble Karnataka High Court. The decision highlighted the importance of procedural compliance and favored the assessee by deeming the imposition of penalties unsustainable due to the ambiguity in the show cause notice. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356439