https://www.taxtmi.com/caselaws?id=357242 The Tribunal canceled the penalty of Rs. 2,11,086/- imposed under Section 271(1)(c) of the Income Tax Act, citing lack of specificity in the notice, absence of recorded satisfaction in the assessment order, and procedural lapses violating natural justice principles. The appeal by the Assessee was allowed, with the Tribunal's decision pronounced on 16/03/2018. en-us Fri, 16 Mar 2018 00:00:00 +0530 Tue, 20 Mar 2018 08:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357242 The Tribunal canceled the penalty of Rs. 2,11,086/- imposed under Section 271(1)(c) of the Income Tax Act, citing lack of specificity in the notice, absence of recorded satisfaction in the assessment order, and procedural lapses violating natural justice principles. The appeal by the Assessee was allowed, with the Tribunal's decision pronounced on 16/03/2018. Case-Laws Income Tax Fri, 16 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357242