https://www.taxtmi.com/caselaws?id=357701 The Tribunal allowed the appeal of the assessee, leading to the deletion of the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal concluded that the penalty could not be sustained due to the defective show cause notice issued under Section 274 read with Section 271 of the Act, which did not specify the charge clearly. As a result, the penalty was deemed unsustainable, and the assessee's appeal was successful. en-us Wed, 21 Mar 2018 00:00:00 +0530 Wed, 28 Mar 2018 07:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357701 The Tribunal allowed the appeal of the assessee, leading to the deletion of the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal concluded that the penalty could not be sustained due to the defective show cause notice issued under Section 274 read with Section 271 of the Act, which did not specify the charge clearly. As a result, the penalty was deemed unsustainable, and the assessee's appeal was successful. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357701