https://www.taxtmi.com/caselaws?id=200513 The Tribunal allowed the appellant's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. It was found that the penalty notice lacked specificity on the grounds for penalty imposition, rendering the penalty unsustainable under the law. The Tribunal set aside the Commissioner (Appeals)'s decision and annulled the penalty, emphasizing the necessity of adhering to legal requirements in penalty imposition. en-us Fri, 30 Jun 2017 00:00:00 +0530 Sun, 01 Apr 2018 07:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200513 The Tribunal allowed the appellant's appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. It was found that the penalty notice lacked specificity on the grounds for penalty imposition, rendering the penalty unsustainable under the law. The Tribunal set aside the Commissioner (Appeals)'s decision and annulled the penalty, emphasizing the necessity of adhering to legal requirements in penalty imposition. Case-Laws Income Tax Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200513