https://www.taxtmi.com/caselaws?id=358130 The Tribunal ruled in favor of the assesses, finding that the penalty notices issued by the Assessing Officer lacked specificity regarding the grounds for penalty under section 271(1)(c) of the Income Tax Act, 1961. Citing legal precedents emphasizing the necessity of explicitly stating the charge for penalty, the Tribunal held the notices were deficient and ordered the deletion of penalties imposed on both assesses for the assessment year 2009-10. The decision underscored the importance of complying with the statutory requirement to specify the grounds for penalty in such notices. en-us Tue, 30 Jan 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358130 The Tribunal ruled in favor of the assesses, finding that the penalty notices issued by the Assessing Officer lacked specificity regarding the grounds for penalty under section 271(1)(c) of the Income Tax Act, 1961. Citing legal precedents emphasizing the necessity of explicitly stating the charge for penalty, the Tribunal held the notices were deficient and ordered the deletion of penalties imposed on both assesses for the assessment year 2009-10. The decision underscored the importance of complying with the statutory requirement to specify the grounds for penalty in such notices. Case-Laws Income Tax Tue, 30 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358130