https://www.taxtmi.com/caselaws?id=362739 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 could not be sustained due to a defective show cause notice that did not specify the charge against the assessee. Relying on the principle favoring the assessee when two views exist, the Tribunal canceled the penalty, allowing the appeal of the assessee. The order was pronounced on 29.06.2018, annulling the penalty. en-us Wed, 27 Jun 2018 00:00:00 +0530 Mon, 02 Jul 2018 11:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362739 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 could not be sustained due to a defective show cause notice that did not specify the charge against the assessee. Relying on the principle favoring the assessee when two views exist, the Tribunal canceled the penalty, allowing the appeal of the assessee. The order was pronounced on 29.06.2018, annulling the penalty. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362739