https://www.taxtmi.com/caselaws?id=363047 The appeal was allowed due to the lack of specificity in the penalty notice and the non-application of mind by the Assessing Officer. The Tribunal emphasized the need for clear penalty notices to uphold natural justice principles. The penalty of Rs. 7,50,000 imposed under Section 271(1)(c) was deleted, and the CIT(A)'s decision confirming the penalty was overturned. en-us Fri, 29 Jun 2018 00:00:00 +0530 Sat, 07 Jul 2018 08:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363047 The appeal was allowed due to the lack of specificity in the penalty notice and the non-application of mind by the Assessing Officer. The Tribunal emphasized the need for clear penalty notices to uphold natural justice principles. The penalty of Rs. 7,50,000 imposed under Section 271(1)(c) was deleted, and the CIT(A)'s decision confirming the penalty was overturned. Case-Laws Income Tax Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363047