https://www.taxtmi.com/caselaws?id=359859 The Tribunal found the penalty notice issued by the Assessing Officer to be legally unsustainable as it did not specify the exact charge under section 271(1)(c) of the Income Tax Act. Consequently, the penalty imposed was cancelled, and the appeal filed by the Assessee was allowed. The Tribunal did not address the other grounds raised by the Assessee as they became moot following the cancellation of the penalty. en-us Thu, 26 Apr 2018 00:00:00 +0530 Sat, 05 May 2018 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359859 The Tribunal found the penalty notice issued by the Assessing Officer to be legally unsustainable as it did not specify the exact charge under section 271(1)(c) of the Income Tax Act. Consequently, the penalty imposed was cancelled, and the appeal filed by the Assessee was allowed. The Tribunal did not address the other grounds raised by the Assessee as they became moot following the cancellation of the penalty. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359859