https://www.taxtmi.com/caselaws?id=359860 The Tribunal found the penalty notice issued under section 271(1)(c) of the Income Tax Act to be defective due to lack of specificity in the exact charge, rendering the penalty unsustainable. Relying on legal precedents, the Tribunal concluded in favor of the Assessee, deleting the penalty and allowing the appeal. The additional grounds raised were not adjudicated as the primary issue led to the cancellation of the penalty. en-us Thu, 26 Apr 2018 00:00:00 +0530 Sat, 28 Apr 2018 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359860 The Tribunal found the penalty notice issued under section 271(1)(c) of the Income Tax Act to be defective due to lack of specificity in the exact charge, rendering the penalty unsustainable. Relying on legal precedents, the Tribunal concluded in favor of the Assessee, deleting the penalty and allowing the appeal. The additional grounds raised were not adjudicated as the primary issue led to the cancellation of the penalty. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359860