https://www.taxtmi.com/caselaws?id=361928 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The penalty of Rs. 11,89,710/- was deemed invalid due to a defective show cause notice that did not specify the exact charge against the assessee. The Tribunal applied the principle favoring the assessee when faced with ambiguity, leading to the cancellation of the penalty upheld by the CIT(A). en-us Thu, 14 Jun 2018 00:00:00 +0530 Fri, 15 Jun 2018 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361928 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The penalty of Rs. 11,89,710/- was deemed invalid due to a defective show cause notice that did not specify the exact charge against the assessee. The Tribunal applied the principle favoring the assessee when faced with ambiguity, leading to the cancellation of the penalty upheld by the CIT(A). Case-Laws Income Tax Thu, 14 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361928