https://www.taxtmi.com/caselaws?id=361041 The tribunal dismissed the revenue's appeal, confirming the deletion of the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 by the CIT(A). The tribunal emphasized the necessity of a specific charge in the show cause notice under Section 274 for penalties under Section 271(1)(c) to be valid, in line with principles of natural justice. The appeal outcome favored the assessee, highlighting the importance of procedural fairness in tax penalty cases. en-us Fri, 25 May 2018 00:00:00 +0530 Mon, 28 May 2018 10:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361041 The tribunal dismissed the revenue's appeal, confirming the deletion of the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 by the CIT(A). The tribunal emphasized the necessity of a specific charge in the show cause notice under Section 274 for penalties under Section 271(1)(c) to be valid, in line with principles of natural justice. The appeal outcome favored the assessee, highlighting the importance of procedural fairness in tax penalty cases. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361041