https://www.taxtmi.com/caselaws?id=362754 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 on the assessee. The show cause notice issued was deemed invalid due to its failure to specify the charge clearly, following established legal precedent. The Tribunal concluded that the ambiguity in the notice invalidated the penalty proceedings, in line with previous court decisions. Consequently, the penalty was overturned, and the assessee's appeal was successful. en-us Fri, 29 Jun 2018 00:00:00 +0530 Tue, 03 Jul 2018 07:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362754 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 on the assessee. The show cause notice issued was deemed invalid due to its failure to specify the charge clearly, following established legal precedent. The Tribunal concluded that the ambiguity in the notice invalidated the penalty proceedings, in line with previous court decisions. Consequently, the penalty was overturned, and the assessee's appeal was successful. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362754