https://www.taxtmi.com/caselaws?id=359090 The Tribunal allowed the appeal filed by the assessee, canceling the penalty of Rs.66,172/- imposed under section 271(1)(c) due to lack of clarity in the penalty notice issued by the Assessing Officer. Failure to specify the nature of penalty proceedings rendered the penalty unsustainable, as per Supreme Court precedent. Emphasizing the importance of clear communication in penalty notices, the Tribunal referenced legal precedents and ruled in favor of the assessee, highlighting the Assessing Officer's failure to apply the relevant limb of section 271(1)(c) in the notice. en-us Fri, 20 Apr 2018 00:00:00 +0530 Mon, 23 Apr 2018 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359090 The Tribunal allowed the appeal filed by the assessee, canceling the penalty of Rs.66,172/- imposed under section 271(1)(c) due to lack of clarity in the penalty notice issued by the Assessing Officer. Failure to specify the nature of penalty proceedings rendered the penalty unsustainable, as per Supreme Court precedent. Emphasizing the importance of clear communication in penalty notices, the Tribunal referenced legal precedents and ruled in favor of the assessee, highlighting the Assessing Officer's failure to apply the relevant limb of section 271(1)(c) in the notice. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359090