https://www.taxtmi.com/caselaws?id=360177 The tribunal allowed the Assessee's appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The tribunal found the penalty notice issued by the Assessing Officer lacking specificity, contravening legal precedents requiring clear identification of the charge for which the penalty is imposed. Emphasizing the importance of precise penalty notices, the tribunal ruled in favor of the Assessee, deleting the penalty and deeming other grounds moot. en-us Wed, 02 May 2018 00:00:00 +0530 Fri, 11 May 2018 08:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360177 The tribunal allowed the Assessee's appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The tribunal found the penalty notice issued by the Assessing Officer lacking specificity, contravening legal precedents requiring clear identification of the charge for which the penalty is imposed. Emphasizing the importance of precise penalty notices, the tribunal ruled in favor of the Assessee, deleting the penalty and deeming other grounds moot. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360177