https://www.taxtmi.com/caselaws?id=358513 The Tribunal canceled the penalty of Rs. 3,09,000/- imposed under section 271(1)(c) of the Income Tax Act due to a defective notice that did not specify the charge against the Assessee. Relying on judicial precedents, the Tribunal followed the principle favoring the Assessee and allowed the appeal, citing the decision in Manjunatha Cotton and Ginning Factory. The order was pronounced on 28-03-2018. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 13 Apr 2018 08:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358513 The Tribunal canceled the penalty of Rs. 3,09,000/- imposed under section 271(1)(c) of the Income Tax Act due to a defective notice that did not specify the charge against the Assessee. Relying on judicial precedents, the Tribunal followed the principle favoring the Assessee and allowed the appeal, citing the decision in Manjunatha Cotton and Ginning Factory. The order was pronounced on 28-03-2018. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358513