https://www.taxtmi.com/caselaws?id=360396 The High Court upheld the ITAT's decision to set aside penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961 for assessment years 2002-03 to 2007-08. The court found that the vague show-cause notices did not meet legal requirements, emphasizing the necessity of clear charges against the assessee. Citing legal precedents, the court concluded that the penalties were not sustainable due to the lack of specificity in the notices. As a result, the appeals against the penalties were dismissed. en-us Wed, 09 May 2018 00:00:00 +0530 Wed, 16 May 2018 06:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360396 The High Court upheld the ITAT's decision to set aside penalties imposed under Section 271(1)(c) of the Income Tax Act, 1961 for assessment years 2002-03 to 2007-08. The court found that the vague show-cause notices did not meet legal requirements, emphasizing the necessity of clear charges against the assessee. Citing legal precedents, the court concluded that the penalties were not sustainable due to the lack of specificity in the notices. As a result, the appeals against the penalties were dismissed. Case-Laws Income Tax Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360396